This established precision metal manufacturing company enjoys a reputation for quality products and on-time delivery.
Retention of established clients is extraordinarily good. Existing customers are increasing orders. In April 2015, the Owner commented that the backlog of orders has doubled since December of 2014.
Long term, skilled employees, good systems, and well maintained equipment complement the package.
Established - 1955
12 FT Employees
The leased facility offers quality office space with a manufacturing plant that supports the power requirements and weight of the equipment. The location affords easy access to major highways, facilitating customer/vendor deliveries. The company could be relocated in a 25 mile radius of its current site.
Industry reports forecast growth over the next 5 years for metal manufacturers. The company serves long term customers while adding new firms. The Owner believes the majority of this firm's competitors survived due to the very nature of the specialized, close tolerance, metal manufacturing produced.
Reason For Sale: Retirement
An Owner will provide training and transitioning for one month as part of the purchase price and consider working for the new Owner for six to twelve months with a satisfactory employment agreement.
Gross Revenue: Fiscal Year Ending August 31, 2014 $1,333,062 with Seller Discretionary Earnings of $207,420.
This company has generated $1,404,940 in revenues in the most recent twelve months (August 2015 through July 2016).
This is a definite increase from the revenues for the twelve calendar months in 2015 which totaled $1,363,421.
Asking Price $920,000
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