Owner Financing is Available
Business for Sale Overview:
This machine shop is ISO compliant and was formerly certified ISO. About 45% of their work is for the medical industry and about 30% is for aerospace and defense work. The company is operating on just one shift and has a lot more capacity on its existing equipment. They have a state of the art facility that can accomodate substantially more growth. This is the cleanest machine shop you will ever see and enjoys some of the strongest margins on the work they do. They stay away from easy/low margin work. Other services include assembly, light fabrication, water-jet, welding, powder coating, contract manufacturing, refurbishing, design and proto-type. Sales over the past couple of years have been from the low $2M to mid $3M range with about $800,000 cash flow. This is a retirement sale and the owners are not interested in being the bank for a buyer, but will consider some owner financing on a buyer for buyer basis with a substantial equity investment from the buyer. All buyers must sign a confidentiality agreement and provide a financial statement to obtain more info. Principals Only and No Buyer Reps, No Exceptions.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
State of the art facility with room to double in space needs.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is not 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.