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Apr 26, 2020 — One Person Machine Shop well suited to part time operator or Growth!
This company has a long operating history serving both OEM customers, as well as other machine/metalworking shops. Seven, manual Davenport screw machines provide excellent flexibility to secure contracts for small parts with purchase order quantities of tens of thousands of pieces.
The screw machines are well maintained and in excellent functional condition. The shop is tidy and all associated equipment and accessories such as cams, sprockets and collets are neatly organized. In addition to the Davenport machines, the company also owns a long list of equipment including surface grinders, mill, lathe, optical comparator, chop saw and vintage “Tow Motor" forklift.
California has the largest number of machine shops in the country. This business is structured ideally to continue to compete against other machine shops, a significant number of which employ 4 or less, for a share of the estimated $5B per year California machine shop revenues. The Company could continue to be operated as a standalone, or added to an existing machine shop platform.
The Company occupies 2,400 ft2 in an attractive, well maintained, business park. The current total monthly lease rate is $2,071 which includes a $168.00 CAM. The current lease expires May 31, 2020. This provides an good opportunity to either lock in a new multi-year lease, or move the business and equipment into another facility without lease termination negotiation.
Opportunities for growth include increased sales and marketing in both current industries served and other industries not currently marketed to which also currently have a need for machine shop services.
After over four decades of ownership and operation, the seller is looking forward to retirement.
Disclaimer: DealStream has not independently verified any of the information in this post and makes no warranty as to its accuracy or completeness.