Business For Sale

CNC Machine Shop with Great Customer Base

Not Disclosed, MI
Jackson County

South Central


Asking Price: Annual Revenue:
$670,000 $996,000

Manufacturing: Metal Products


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RE: CNC Machine Shop with Great Customer Base Broker: Glen Toadvine
Owner Financing is Available!
Negotiable

Quick Facts

Asking Price: $670,000
Annual Revenue: $996,000
Net Profit: Not Disclosed
Cash Flow: $225,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2007
Employees: 7
BBN Listing #: 566831216
Broker Reference #: GT1020718

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Business Overview:

It has been a great 12-year run for the founder/owner/seller of this attractive CNC business with a solid cash flow, but now at retirement age, the owner looks forward to transitioning his business to only its second owner/operator. The company has an outstanding customer base that reads like a Who’s Who in large, “brand name” corporations in heavy equipment and automotive industries, among others.

The primary processes used by the company’s seven non-union employees are lathes up to 10” in diameter and milled products. The company has six CNC lathes, five CNC Mills and related support equipment. The approximate value in place of the fixed assets (included in the sale) is $400,000.

The company’s business model is excellent and based on a continuous flow of work generated by customers’ weekly releases of regularly run products. Short runs and prototype parts are just a small component of the company’s business.

The business is located in south-central Michigan in a building nudging 10,000 square feet that sits on a 9.2-acre parcel. The real estate, owned by the seller, can be leased under favorable terms, or purchased in a separate transaction for $300,000.

Over the past several years, annual revenues have averaged over $800,000 with annual SDE (seller’s discretionary earnings – the cash flow available to pay an owner-operator and service debt over $220,000. In addition, the company’s gross margins have been impressive, ranging from 50% - 55%. For 2018, sales have increased 20% to $996,000 with greater than $225,000 of SDE.

The business is being offered for $670,000 with a meaningful seller note available for qualified buyers.

The business is being offered for $670,000 with a meaningful seller note available for qualified buyers. To learn more about this outstanding business opportunity, please contact Glen Toadvine or email us.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

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.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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