Business For Sale

High Cash Flowing Machine Tool Business

Not Disclosed, MI
Macomb County

Southeast Michigan


Asking Price: Annual Revenue:
$2,800,000 $3,600,000

Manufacturing: Machinery


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RE: High Cash Flowing Machine Tool Business Broker: Steve Kandt

Quick Facts

Asking Price: $2,800,000
Annual Revenue: $3,600,000
Net Profit: Not Disclosed
Cash Flow: $620,000
Total Debt: Not Disclosed
FF&E: $4,000,000
Real Estate: Not Disclosed
Year Established: 1983
Employees: 10
BBN Listing #: 83431216
Broker Reference #: SK1120118

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Business Overview:

It has been a great 35 (+) year run for the owners of this successful southeast-Michigan machine tool business; however, they now look forward to retirement after selling their company and overseeing an orderly transition to new ownership.

Located in an attractive newer 27,000 square feet facility which was built expressly for the business, the building is located in an industrial park in a desirable community with easy access to nearby freeways. The real estate, which is owned by the sellers, can be leased at a favorable rate or purchased in a separate transaction.

The business has a skilled, loyal, well-paid, non-union 10-person work force who perform a variety of machining functions and assembly operations utilizing the company’s vast array of equipment, including many late model CNC machines. The business also has long standing relationships with suppliers that augment operations on an as needed basis thereby providing “one-stop-shopping” to meet customers’ diverse needs. True competitors are limited as few are able to match the capabilities provided by this company’s wealth of equipment which has a jaw dropping original cost basis exceeding $4.0 million.

The business services clients in aerospace, oil field, automotive, medical, defense and other heavy industries. Strong growth opportunities would seem to be plentiful given (a) the business operates only a single shift; (b) the vast array of equipment allows for a myriad of manufacturing opportunities; (c) new business activity is currently limited to word-of-mouth (i.e. there are no marketing efforts in place); and (d) sales are primarily to local customers (i.e. within a 100-mile radius of the company’s facility).

For the past 5 (+) years, the business has had average annual revenues of almost $3.6 million with an average annual EBITDA of $620,000 over the same period. The business is being offered for $2.8 million, which given the impressive array of assets included in listing price, represents significant value to buyers.

An asset sale is contemplated with the sellers retaining cash and A/R while retiring all liabilities. The buyer will receive the vast amount of machinery and equipment, approximately $250,000 of inventory, and the goodwill of the business. In addition, for qualified buyers a meaningful seller note will be available, and the sellers will adjust their post-close tenure to accommodate the transition needs of the successful buyer. A buyer with a background in the machine tool industry is preferred.

For more information on this very attractive business opportunity with truly prohibitive barriers to entry, please contact Steve Kandt.

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Property Features and Assets:

27,000 square feet facility located in an industrial park in a desirable community. Easy access to nearby freeways.

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.

Relevant Links:

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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