Business For Sale

Close Tolerance Metal Manufacturing Company

Chicago Metro Area, IL
Cook County


Asking Price: Annual Revenue:
$825,000 $1,429,778

Manufacturing: Metal Products


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RE: Close Tolerance Metal Manufacturing Company Broker: LInda J. Purcell CBI, M&A Broker
License #: 471.001327

Quick Facts

Asking Price: $825,000
Annual Revenue: $1,429,778
Net Profit: Not Disclosed
Cash Flow: $128,467
Total Debt: Not Disclosed
FF&E: $680,465
Real Estate: Not Disclosed
Year Established: 1955
Employees: 12
BBN Listing #: 15371232
Broker Reference #: 5750892

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Business Overview:

This established precision metal manufacturing company enjoys a reputation for quality products and on-time delivery. Retention of established clients is extraordinarily good. This firm's base continues to grow with additional divisions of existing customers placing orders and new clients coming on board. Long term, skilled employees, good systems in place, and well maintained equipment complement the package. Revenues and earnings are on the rebound from the downturn the U.S. economy experienced in the last few years.

Gross Revenues for the Fiscal Year Ending August 31, 2014 were $1,333,062 with Seller Discretionary Earnings of $207,420.

This company generated $1,404,940 in revenues in their most recent fiscal year (September 1, 2015 through August 31, 2016).
This is a definite increase from the revenues for their prior fiscal year ending August 31, 2015 when revenues totaled $1,363,421.

The Owner will provide training and transitioning for one month as part of the purchase price and consider working for the new Owner for six to twelve months with a satisfactory employment agreement.

Long term employees, good systems in place, an dwell maintained equipment complement the package.

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Property Features and Assets:

The facility offers quality office space combined with a manufacturing plant designed to support both the power requirements and the weight of the equipment. The location affords easy access to multiple major highways, facilitating customer and vendor deliveries. The Owner estimates the company could be relocated within a 25 mile radius of its current site.

Market Competition and Expansion:

Industry reports forecast growth over the next four years for metal manufacturers. This company continues to serve long term, existing customers while adding new firms to its existing customer base. Competition may have decreased somewhat due to the recent recession. The Owner believes the majority of this firm's competitors survived due to the very nature of the specialized, close tolerance, metal manufacturing they produce. The typical machine/job shop does not fall into the category of competition.

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.

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