Seller's Contact Information
- RE: National Leader In Metrology Tool Production
- Contact: Shu Ghosh
Quick Facts
Asking Price: | $0 | |
Annual Revenue: | $4,400,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $54,000 | |
Total Debt: | Not Disclosed | |
FF&E: | 5,500,000 | |
Real Estate: | $1,660,000 | |
Year Established: | Not Disclosed | |
Employees: | 43 | |
BBN Listing #: | 462523188 | |
Broker Reference #: | NVC2236 |
Business Overview:
For more info & NDA link visit: https://nuvescor.com/2023/03/06/nvc2236/. This Company is a national leader in the manufacture of metrology tools used in production in any industry that makes products out of metal. As an expert source in metrology, this Company has a long history of being the best in quality, on-time performance & engineering for specialized applications. Established 60 years ago, the Company maintains a wealth of deeply ingrained experience in its specialized industry and is acclaimed by its international customer base as a quality-focused manufacturer. The nature of the Company’s products creates repeat customers. The Company has experienced a significant increase in labor cost since 2020 along with increases in supply and utility costs. Overall, the costs have increased by over 10% of sales which has caused an over $400,000 reduction in EBITDA. Price increases to offset these increased costs were implemented midway through 2022 with projected increases in 2023 from 10-30%. Further compounding the issue was hiring new people due to the ramp up in sales after COVID which significantly lowered productivity due to the training time required for these skilled manufacturing positions. The price increases and the normalization of skilled labor will help the Company return to profitability.
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Property Features and Assets:
Company operates out of a 35,000 square-foot facility on an improved parcel of about four acres in a light industrial district. The property, owned by a related third party, is also for sale. The building is an air-conditioned facility, with two environmentally controlled American Association for Laboratory Accreditation (A2LA) certified laboratories. The building has drive-up truck doors, with 13-foot ceiling clearance and 15-foot clearance at the eaves.
Market Competition and Expansion:
The Company is one of only two manufacturers in the United States licensed by an energy industry association to manufacture master products. The Company is known for its quality products and accurate lead times. The Company is at around 60-70% capacity with room for growth which will require additional staff.
Reason for Selling:
Owners want to focus on their own goals elsewhere.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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