CNC Machining & Grinding with Recurring Revenue (17914)

Seller Financing Available

SDEs over 35%! Serving the New England area from Connecticut, this manufacturing firm provides machine shop services and custom machined parts and spindle repair for large corporations. With three (3) machine operators, the primary services include grinding Services, spindle repairs for CNC machines, part machining for tools, and CNC repair services. Utilizing grinding equipment, the company is capable of manufacturing and designing parts and solutions for nearly any industry however, the majority of revenue is sourced from other machining companies needing spindle repairs. Increasing machine productivity and efficiency, the company provides a complete systems approach for grinding spindles, boring spindles and milling spindles. Spindles are uniquely designed to perform any machining function, from removing materials such as metals and plastics to positioning and spinning. Custom material build-up and coatings such as hard complate are available, as well as a large array of accessories. The shop-based location, totaling 4,000 square feet, includes office space, shop space and warehouse space. The company leases the location from a third party with favorable renewal terms. Through maintaining strong relationships with large manufacturing companies, the ownership has built a solid stream of recurring revenue that provides predictable revenue each year. There is an excellent opportunity for growth with stronger marketing efforts as the primary source is currently word of mouth and recurring clients. Ownership provides oversight, bookkeeping, and some sales. In 2023, the company’s total revenues were approximately $390,000, with Seller’s Discretionary Earnings of $153,000.