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Asking Price:	Not Available
Business for Sale Industry:	Manufacturing: Metal Products
Reason for Selling:	Retirement
Year Established:	1987
# of Employees:	11
Yearly Cash Flow:	$1,450,000
Yearly Net Profit:	$1,450,000
Yearly Gross Income:	$$3,850,000

Business for Sale Overview:

The Company is a manufacturer of high precision components and assemblies, producing spare and replacement parts for upgrades and required maintenance on Defense related equipment. The well-established repeat customer base includes a variety of government defense agencies and commercial businesses. Approximately half of the production is handled in house and the remaining production is out-sourced to a diversified network of pre-qualified manufacturers. Gross sales for the period ending 10-31-08 are expected to exceed $3.85 million, with recast net income of $1.45 million, based upon YTD sales and secured customer contracts/backlog. The Company has recently been awarded a series of sizable multi-year contracts and is poised for future expansion. This has resulted in a $12.4 million backlog over the next 3 years.

Property Features and Assets:

The Company is housed in a 10,000 square feet location in the New York Metropolitan area.

Market Competition and Expansion:

The company is very profitable and could be substantially expanded without sacrificing margins. It primarily relies on contracts awarded from well-established repeat customers due to its performance record, production capabilities, competitive pricing and reputation within the marketplace. The company has recently been awarded a series of sizable contracts that are larger than what the historical focus has been. This has resulted in a $12.4 million backlog over the next 3 years ($6 million of that for 2009). The firm is positioned as a “go to” firm for similar future higher volume requirements.

Additional Details:

• The property is owned.
• The owner is willing to train/assist the new owner.
• The owner is willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.