Precision Metal Fabricating For Sale

Business description

The company manufactures precision parts and accessories for a variety of niche markets including, Custom Manufacturing, Power Sports, Mining, International Government Utilities, Commercial Building Maintenance Equipment to name only a few. Focusing on OE and Distributor channels this business offers a varied customer base. The company has a long established relationship with many repeat customers and currently has no need to advertise or employ a sales staff. The buyer can grow the business by implementing an active marketing strategy and extending the production to two or three shifts (currently one). The company has 14 employees with many years of service. The owner discretionary earning was $650,000 approximately in the fiscal year ending in Jan 2007. The company operates form a 16,400 sf facility equipped with state of the art CNC Machinery worth $1,500,000 approximately (owner estimate). Trained middle managers take care of the day to day activities and make the owners job very easy, which makes business less dependent on its owner.

Other information

Expansion potential:

The buyer can grow the business by implementing an active marketing strategy and extending the production to two or three shifts (currently one)

Support & training:

The seller will train in the transition period.

Reasons for selling:

Retirement

Furniture / Fixtures value:

$1,500,000