Offered is a 44-year-old machine shop specializing in fixturing, tooling, prototyping, repair work, reverse engineering part building, and production work. The company prides itself on its ability to deliver products to the tightest tolerances to the most discerning customers. The company provides machining services to a wide range of industries including aerospace, manufacturing, microchip and even walk-in inventors searching to build a prototype. Many of these customer relationships have lasted for decades.
Included in the sale is an impressive list of equipment and machinery with plenty of capacity for growth. All equipment is well maintained and kept in good working order.
The founders designed the 6400 square feet of shop space within a designated enterprise zone to accommodate the business, ensuring a smooth and efficient workflow. The building utilizes sturdy cinder block construction and is located centrally, near its customers and a major interstate.
2022 Revenue: $850,000
2022 Cashflow: $253,000
Asking Price: $650,000
Included in the Asking Price: Well maintained equipment + inventory valued at $485,000
Competition: The term “machine shop” is a broad term that lumps many businesses together that don’t necessarily compete for the same customer. In every local market there are many machine or fabrication shops and generally each business has its niche. The company stands out among other machine shops with quick turnaround time, superior quality, and tight tolerance work with most local manufacturers. Current ownership can’t really point to another shop in the market viewed as a direct competitor.
Growth and Expansion: The current owners firmly believe that a new owner with fresh legs and energy could easily grow revenues by developing a sales and marking plan with an emphasis on growing its business within its existing customers.
About the Sale
The owner wants to retire and pursue other opportunities. He is willing to support the buyer through the business transition for 30 days free.
All information contained herein provided by business owner, to be verified by buyer, and not warranted by Crestone Business Group. For more information on this or other profitable business opportunities, please contact:
Crestone Business Group
Jeff Balch, Broker
Direct Phone: (719) 440-4597