Business for Sale Overview:
This business will appeal to either an individual or another machine shop seeking acquire a Northeast small to mid sized machine shop. It has excellent contracts in place to insure future revenues and is positioning itself to grow after the quality assurance certifications and addition of a synergistic manufacturing division. Roughly half of its annual revenues are already contracted. Its strength lies in the high quality staff it has attracted and retained. Profitability is considered very good suggesting that bids are well managed while remaining competitive. New equipment has been consistently added to keep the business as a state of the art shop. The outlook for the industry is still very good. The customer base that the company serves is strong and their requirements for outsourced parts are expected to remain strong. This business is attractively priced based on equipment , performance and upside potential. The price includes all equipment and inventory. The seller is seeking retirement after thirty years in the business and is looking for a high quality buyer to replace him as owner.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The business has a full complement of computer driven machinery as well as some of the more traditional machining equipment. Considerable upgrades have been made over the past four years. The facility is more than adequate to double or triple the growth. People are in place for future management and growth. A new fabricating division was recently added that includes new equipment and complementary services.
Support/Training: Seller has three key people who will remain and he is willing to train or provide transition assistance as required.
Market Competition and Expansion:
Competition: Depending on the size of a job run, competition can come from around the world. Locally there are 19 companies doing similar work. Some are larger and most are smaller. This business stands out through its reputation for quality and timely deliveries. It has a strong backlog of accepted jobs to support its competitive position.
Growth/Expansion: This company is already growing organically due to equipment upgrades and industry certifications. Additionally it could:1-Expansion of contracts with existing customers.2-Adding new customers.3-Searching for new R & D work that will lead to new production contracts.4-Leverage the ASI and ISO Certifications into new contracts. 5-Promote the new synergistic division and or operate it as a separate profit center
Reason for Selling:
Retirement.
Additional Details:
- The property is owned.
- The owner is willing to train/assist 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.