High Precision CNC Grinding, CNC Machining, and Wire EDM Company

Michigan

Sale Pending

Asking Price:	$975,000
Gross Revenue:	$1,683,972
FF&E:	$540,270
Established Year:	1968

Cash Flow:	$44,639
Inventory:	$146,778
Real Estate:	$995,000

Listing ID: 2192929Listing provided by BizBuySell

BUSINESS DESCRIPTION

This is an opportunity to invest in an established company specializing in high precision CNC grinding, machining, and Wire EDM. From a single piece to short-run production, this company has established a reputation of providing precise quality, dependable delivery, and superior service. They have a highly trained staff in place capable of working in tolerances of +/- .000050, and surface finishes to 2 micro- inches, manufacturing parts such as punches, dies, fixtures, blades, core pins, and gears. Upper management has been with the company for many years and is very knowledgeable in all aspects of the business. This company has an established infrastructure and has invested heavily in machines that aid in the development of its products including machines made by Haas, Parker Majestic, Mitsubishi, Cincinnati Milacron, Royal Master, Heald, Okamoto, Dake, and Clausing. All assets are priced at FMV

DETAILED INFORMATION

Location

Michigan

Inventory

Included in asking price

Real Estate

Owned

Building SF

16,000

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

Real estate is available for sale at appraised value or lease. Building is 16,000 sf located on 3.4 acres less than 3 miles from an airport and a mile from the US Highway/Interstate interchange. Currently 12,800 square feet is utilized for production and 3200 sf is dedicated to office and conference area, with second floor storage. Site size permits room for expansion. All assets are priced at FMV.

Growth & Expansion

Multiple opportunities exist to grow this company. Among these would be the addition of metal fabrication equipment, and additional High-Tech equipment. Other opportunities include the addition of a dedicated sales and marketing team that could develop customer relationships and increase orders from their existing large customer base. This company recently began manufacturing custom fixtures for a customer, which could potentially be developed into a new product line.

Financing

Financing can be arranged by broker

Support & Training

Current owner is willing to mentor a buyer for a period, or an extended employment agreement, subject to price and terms of an offer.

Reason for Selling

Retirement

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