High Profit Margin Machine Shop

Not Disclosed, CT
New Haven County


Asking Price: Annual Revenue:
$985,000 $700,560

Manufacturing: Metal Products


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RE: High Profit Margin Machine Shop Broker: Bo Prybyla
License #: 860-983-9151

Quick Facts

Asking Price: $985,000
Annual Revenue: $700,560
Net Profit: Not Disclosed
Cash Flow: $299,446
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 6
BBN Listing #: 375426891
Broker Reference #: Not Disclosed

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Business Overview:

First time offered for sale – after over 20 years of business, the seller is ready to retire. This company is family-owned and a very profitable niche specialty manufacturer for High Precision, Close Tolerance Parts – Aluminum and Steel Based. The company operates under ISO 9000 standards. The owner has chosen not to formally seek ISO certification.

The Facility operates out of a rented space of 6,000 square feet. This operation can continue to operate out of existing space with capacity to take on more work. A new owner that is in the business could relocate the business and achieve an annual rental cost savings of about $45,000 per annum. A new owner would acquire access to the A List clients that have significantly more work for them. Current owner chooses not to pursue this work and is managing the business from a lifestyle perspective.

Real Estate: Rented facility is approximately 6,000 square feet; 1,000 dedicated to office and 5,000 to manufacturing. There is room for additional machines and expansion in the existing location.

Relocatable: Current lease expires 10/2020; Can be extended or company can be relocated.

Equipment/Inventory: $425,000+/- Equipment and $20,000 +/- inventory included in the sale.

Employees: Staff consist of office staff, skilled machinists and owner – Totaling 6

Reason for Sale: Seller Retirement – age – no family members to take over the business

Asking price includes - equipment and inventory WIP. Cash Free Debt Free Basis.

Financing: Available – SBA eligible – based on credit history 10-year term

Seller Financing: TBD – 10% for qualified individual – SBA Eligible

Transition: Owner will remain for a 30-Day period included in the sale. Additional extended period of time to ensure smooth transition is negotiable at a reasonable rate.

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Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • 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.

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