*Turnaround* Established Precision Machining

Milford, MI
Oakland County

Asking Price: Annual Revenue:
Not Disclosed $1,853,529

Manufacturing: Metal Products

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RE: *Turnaround* Established Precision Machining Broker: Max Friar
Owner Financing is Available!
Limited Seller-Financing Available for Qualified Buyers.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $1,853,529
Net Profit: Not Disclosed
Cash Flow: $169,260
Total Debt: Not Disclosed
FF&E: $882,825
Real Estate: $2,200,000
Year Established: 1976
Employees: 16
BBN Listing #: 625345079
Broker Reference #: 092

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Business Overview:

This Company is a manufacturer of quality precision machined parts. They are a full-service machining facility that primarily focuses on CNC machining, OD grinding, and surface grinding. The Company provides full-service capabilities from prototypes, testing, and medium to large production runs. This versatile Company is a proven supplier of precision machined parts servicing a plethora of industries including automotive, defense, appliance, dairy, medical, dental, and various OEMs (non-automotive and automotive-related). Most of the Company’s customers are local; however, the Company does service customers across the country.

The current owner started the Company in 1976 and grew it from a small one-lathe operation with a single customer to a national supplier of precision, close tolerance parts in a wide variety of materials such as aluminum alloys, copper and brass, stainless steel (food grade), hot and cold rolled steels, titanium, ferritic, inconel, and all exotic materials.

The Company has a large and diverse equipment base that supports an array of services. Its equipment base consists of over 50 machinery assets that combine for a Total Fair Market Value of nearly $900K. The industrial facility measures approximately 33,630 square feet in size and sits on 3.57 acres. This fantastic piece of real estate is valued at $2.22M, and the owner would like to sell the property and Business to a prospective buyer. This presents a unique opportunity for both an individual buyer looking to enter the industry or a strategic buyer wanting to add a substantial piece of real estate and a diverse equipment base to their current operation.

Potential Buyers must have a minimum of $1,000,000 in available liquid capital to receive information about this opportunity. Potential Buyers must also be interested in purchasing the Business and real estate – not one or the other.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found, please email us and request a PDF version.

Once we receive your NDA and answers to some basic questions, the Confidential Information Memorandum (CIM) will be sent to you from the project manager.

JUNK MAIL FIRST. If you do not see the email there, please email us for support. Thank you in advance!

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Property Features and Assets:

The owner owns the property and 33,630 square foot industrial facility through a related real estate holding company with a partner. The property and building are included in the sale. The facility has one exterior truck well, one grade-level door, 45 parking spaces, and 1,800 amps of power. The building has undergone many refurbishments over the last five years, with the installation of three rooftop HVAC units, new LED lighting fixtures installed throughout the entire facility, and landscaping improvements. The office was also recarpeted and repainted at the same time.

Market Competition and Expansion:

Growth and Expansion Pros and Cons: Growth Opportunities Include: (1) Add a Salesforce and Marketing Strategy: Adding a salesforce could allow the Company to proactively acquire new customers while competitors shut down, as well as have a team built around maintaining a strong relationship with existing customers. Retaining existing customers is significantly cheaper than developing new long-term relationships and is something the Company can capitalize on while gaining market share. In addition, the Company’s website was last updated in 2010. By updating the website, the Company’s website traffic may increase, likely resulting in added business. Also, the Company has room to grow in marketing to existing customers, as they currently solely keep in touch by sending bulk emails to customers. (2) Develop Outsourcing Partnerships with Machine Shops: Some of the Company’s projects that are not as profitable, or are not the Company’s specialty, can be outsourced. By doing so, the Company can gain many benefits that will help increase their business while decreasing operating costs. (3) Utilize Open Capacity: The Company is currently utilizing 50% of its facility and equipment. By increasing the Company’s usage of the facility and equipment, they will be able to fulfill the uptick in activity and the expected greater market share that will coincide with the previously stated growth opportunities once put into practice. One way to fill the Company’s capacity is to implement a second shift.

Reason for Selling:

The owner would like to retire.

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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