Machining - Industrial

Not Disclosed, IN
Lake County

Northwest Indiana

Asking Price: Annual Revenue:
$4,100,000 $5,611,906

Manufacturing: Machinery

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RE: Machining - Industrial Broker: Joe Farinella

Quick Facts

Asking Price: $4,100,000
Annual Revenue: $5,611,906
Net Profit: Not Disclosed
Cash Flow: $395,814
Total Debt: Not Disclosed
FF&E: $877,895
Real Estate: Not Disclosed
Year Established: 1945
Employees: 35
BBN Listing #: 148057220
Broker Reference #: 3N1017

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Business Overview:

Their specific work focuses on Hot Mill, Cold Mill and Plate Mill repair, medium to large scale. They are also capable of fabricating new parts off drawings. Their millwrights and machinists are experienced in breaking down a unit, locating and identifying a problem, repairing the part, and reassembling the unit. The company has a long history in this region and in this industry. They are very highly regarded and respected.

The facility is approximately 55,700 square feet on 4.6 acres. The equipment is a mix of manual and CNC equipment well suited for the type of work performed. They have several cranes, the largest being a 40-ton crane that allows them flexibility in the size and scope of work that they can complete. Most of the work that the company manages comes from the Steel Industry.

Real Estate and Equipment are supported with new Appraisals in 2021.
Included in the sale are AR, WIP, EQUIPMENT and INVENTORY.

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Reason for Selling:

Owner Transition.

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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