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Quick Facts
Asking Price: | $2,700,000 | |
Annual Revenue: | $2,290,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $917,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | 8 | |
BBN Listing #: | 456426891 | |
Broker Reference #: | Not Disclosed |
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Business Overview:
Reputable Illinois machine shop in business for more than 25 years serving the automotive, lighting, temperature controls, insert molding, and fastener industries.
This business supplies excellent quality machined components to its partners domestically and abroad.
Because of their niche services, clients are very loyal and there is extremely low attrition.
Consistent growth in the last few years with 2023 on track to continue that trend.
The seller is retiring and will stay on for a reasonable amount of time to allow for a smooth transition. The existing 8 employees will continue in their roles, ensuring operational continuity.
PLEASE NOTE: Only buyers with machine shop experience will be considered.
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Property Features and Assets:
10,000 square foot facility on a $10,000/month lease. 8,000 square feet is for production and 2,000 square feet is for the office and warehouse.
Market Competition and Expansion:
Very little competition since this business offers niche services that their clients rely on. To expand, a new owner can market outside of the Midwest. Currently, all business is via word-of-mouth and referrals.
Reason for Selling:
Retiring
Additional Details:
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