Minnesota Contract Machine Shop

Not Disclosed, MN

Asking Price: Annual Revenue:
$9,000,000 $4,204,104

Manufacturing: Machinery

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RE: Minnesota Contract Machine Shop Broker: Jacob Peterson
Owner Financing is Available!
$8,100,000 down/$900,000 over 60 months @ 7%/ Other Financing.

Quick Facts

Asking Price: $9,000,000
Annual Revenue: $4,204,104
Net Profit: Not Disclosed
Cash Flow: $2,157,167
Total Debt: Not Disclosed
FF&E: $4,300,000
Real Estate: $900,000
Year Established: 2005
Employees: 15
BBN Listing #: 64834955
Broker Reference #: 5106-15882

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Business Overview:

CNC job shop manufacturing for hundreds of customers, batch sizes 10 to 100,000. Quality precision CNC machined parts and services tailored to the customer's applications is this company's specialty. This company enjoys particularly robust profit margins.

Buyers for this business will be highly vetted and must have a minimum of $2 million cash, non-borrowed, available to be considered as a buyer.

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Property Features and Assets:

Facility is in great condition and is included in asking price. Assets= $6,202,762

Market Competition and Expansion:

The Machine Shop Services industry has remained largely unchanged after posting two years of revenue declines and three years of revenue increases over the five years to 2020. Revenue has decreased marginally at an annualized rate of 0.7% to an estimated $40.2 billion over the past five years. Although nearly all of this industry's downstream markets have expanded over the past five years and are currently operating with improved market conditions, falling metals prices have affected industry revenue. Rising metals prices after 2017 is propelling industry growth. However, a recent decrease in the price of steel of 21.2% in 2020, has cause industry revenue to decline 5.7% in 2020. Another reason why revenue and demand in the industry will reduce is because of the recent outbreak of COVID-19. This will have a negative effect on demand, but IBISWorld expects the industry to recover in 2021. Over the five years to 2025, operators will devote further resources to satisfy projected growing demand from manufacturers in markets such as automobile manufacturing, commercial aircraft manufacturing and metal forging. Demand from medical device manufacturers is also expected to increase due to a progressively aging US population with a growing need for medical care. This trend will heighten the need for micromachined products. However, steel prices are expected to remain volatile over the five years to 2025. As a result, industry revenue is forecast to grow at an annualized rate of 2.2% to $44.8 billion over the five years to 2025.- IBIS World The machinery is currently ran at about 30% capacity. With increased staffing and marketing efforts revenues could triple for this company without adding additional machinery.

Reason for Selling:

Owner wishes to retire.

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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