UNDER LOI - Profitable machine shop, skilled staff, strong reputation

Ingham County, MI
Machine Shop
Sale Pending
Asking Price:$2,500,000
Gross Revenue:$2,632,438
FF&E:$335,000
Established Year:1995
Cash Flow:$724,672
Inventory:$750,000
Real Estate:$1,200,000
BUSINESS DESCRIPTION

This is a high precision low volume prototype machine shop with the capability to handle larger production runs. The company supports local and out-of-state businesses in industries including agriculture, automotive, food, medical, military subcontracting and transportation. The staff includes a seasoned and experienced team of engineers, product developers and programmers trained and certified in a variety of CAD and design software. The company also designs specialty chucking and fixturing, providing a better hold on your work piece that allows you to be more aggressive and efficient with your machining.


DETAILED INFORMATION
Location
Ingham County, MI
Inventory
Included in asking price
Real Estate
Owned
Building SF
19,941
Employees
15
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Zoning is M1 Industrial. Seller will allow a triple net lease if Buyer does not wish to purchase the building. Lease $7,000 / mo = $84,000 / yr = $4.21/sf/yr Property Tax approx $13,472 / yr RE Insurance approx $6,028 / yr
Growth & Expansion
Build a new website and advertise
Support & Training
2 weeks up to 20 hrs per wk
Reason for Selling
Transition to retirement
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Ken Lee