Description

Precision machine job shop delivers complex machined parts and machining services for over 16 years now. Customers include leading OEM's from various industrial and military client bases. A long standing 15 year, major customer customer relationship featuring proprietary deliverables, accounts for 50% of its revenues. This company is a highly capable solutions driven center for its customers and has 15 long time employees serving as the heart of its highly skilled labor pool. The company manufactures custom machined parts in its own 10,000 sq. ft. facility using their late model in house milling and turning center. Assets included in sale are approximately $1.1M in FF&E, $40K of inventory, real estate of $654K and necessary working capital & seller financing for qualified buyer. 2015 revenues increased 15% over 2014, with 2016 showing continued strength. Long term three partner owner/operators wish to retire and are prepared to stay on for up to a year to facilitate a smooth transition of the business and its operations to the successful buyer.

Posted Jun 14, 2016

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