Owner Financing is Available!
Business Overview:
The founder of this successful 26 year old machine and systems engineering and design service business is ready to sell his company and retire. The firm, located in a desirable Midwestern community, has 20 loyal employees and annual revenues exceeding $1.5 million. In 2011, the firm achieved SDE of more than $300,000. The firm boasts a number of clients who have been with the firm for its entire 26 years. The company is ISO compliant, ANSI certified, and is a fully registered Defense Industry supplier. Among other software, the firm employs AutoCAD and Solid Works in offering complete mechanical engineering and design services including: conceptual design and consultation; process flow engineering; systems design; preventive maintenance; technical manual writing; check and documentation; to name several. The firm is experienced in weld fixtures, systems and tooling; and design of tools, gauges, special machines, systems, and lean equipment. Listed at $1.25million, the business comes with $300,000 of furniture, fixtures, equipment, hardware, and software. The seller contemplates a stock sale with a closing adjustment for the difference between assumed current assets and any assumed liabilities. For a qualified buyer, the seller will carry a meaningful seller note.
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:
The business resides in a drop dead gorgeous 10,000 sq. ft. architectural building (on beautiful grounds) built by the seller expressly for his firm. The real estate is available separately or can be leased under attractive terms.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.