Founded more than 90 years ago, this company has been manufacturing a high quality product line of heavy duty drilling/tapping units, and automatic, semi-automatic production drill/tapping machines. The machinery’s durability has been proven by the many units operating in the field for decades. It’s time for the owner to retire and pass the torch to new ownership.
The business operates out of a very attractive 12,500 square foot facility in southeast Michigan, located on 6 acres of land. The real estate is owned by the seller and can be leased under favorable terms or purchased in a separate transaction. The company employs 4 employees, most of which are approaching retirement age, however, they are willing to stay as needed in order to facilitate a smooth transition.
80+ customers have been served over the past 3 years, and 100’s previous to this. Customers consist of machine builders and end users. The industries served have been very diverse. There are no heavy concentrations with any one customer.
The business has several revenue streams including: (1) drilling and/or tapping units; (2) automatic or semi automatic indexing drilling/tapping machines, and; (3) repair or rebuilding drilling/tapping units, and machines.
The company maintains machining equipment including mills, lathes, and grinders, some are CNC machines. The equipment has an estimated value in place of $100,000. The asking price does not include the inventory.
The business has a strong commitment to customer service. The reputation of the business is so strong that an enhanced sales and marketing effort could be a driver of new business opportunities. With the lack of sales effort the company was still able to manage $683,000 in sales producing $167,000 in cash flow in 2014, and $478,000 sales, and $104,000 cash flow in 2015.
The business is being offered for the value price of $100,000.
Asking Price Between $100,000 and $500,000
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