Outstanding 40+ year CNC Machining Business

Not Disclosed, MI

Michigan


Asking Price: Annual Revenue:
Not Disclosed $9,800,000

Manufacturing: Metal Products


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RE: Outstanding 40+ year CNC Machining Business Broker: Glen Toadvine
Owner Financing is Available!
Seller will carry a small note in second position.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $9,800,000
Net Profit: $2,500,000
Cash Flow: $2,500,000
Total Debt: Not Disclosed
FF&E: $3,300,000
Real Estate: Not Disclosed
Year Established: 1980
Employees: Not Disclosed
BBN Listing #: 527631216
Broker Reference #: GT1083021

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Business Overview:

.This outstanding 40+ year old manufacturing/machining business continues to grow and flourish due to a combination of a remarkable group of 40 employees, an outstanding customer base, and a plethora of excellent 3-5 axis milling and turning equipment.

Located in a 50,000 square foot air-conditioned facility in Southern Michigan, the real estate (with an estimated $2.8 million market value) may be leased or purchased.

The company serves a variety of industries including oil & gas, aviation, defense, aerospace, medical, commercial, heavy truck, automotive, and entertainment, to name several. The company specializes in running both low volume, high margin products, and custom designed products such as prototypes, jigs, fixtures, replacement machine parts, and the design/build of special tooling, machinery, and assembly aids.

The 40 highly skilled, and dedicated employees include machinists, engineers, designers, quality control, and sales personnel, all working a single shift operation. Over the years, the company has weathered many challenging business cycles while continuing to prosper due to regular investments in both modern equipment and staff development. This has resulted in a very productive, mature, and valuable staff, with very little employee turn-over.

In 2020 the company was able to take advantage of its vast resources to produce a record number of assemblies primarily from in-house machined parts. These assemblies were critically needed for the medical industry and were produced in record time which resulted in a win-win for the company, customers, and end users. In 2020, the business impressively recorded $2.5 million of EBITDA on revenues of $9.8 million. In 2018 and 2019, which were more typical years, the company recorded $6.0 million revenue and approximately $1.0 million of EBITDA each year.

The company has vendor codes for its major customers which is required for most automotive, aviation, commercial, and defense work. The company is ISO 9001–2015 and AS9100D certified.

The owner/founder is ready to retire post-close and after orchestrating a seamless transition to new ownership. For more information on this outstanding business opportunity, please contact Glen Toadvine at glen@praxisbusinessbrokers.com.

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Property Features and Assets:

Very well maintained, newly air conditioning, and high efficiency lighting in 2020.

Market Competition and Expansion:

Very few competitors have the design, engineering capability this company has.

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:

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