Hot Listing
Dedicated and Prosperous CNC Machine Shop with Innovative Technology
Business Description
We are pleased to present this opportunity for ownership of a dedicated CNC machine shop offering knowledge, craftsmanship, and a valuable passion for precision. Whether producing just one part, reverse-engineering complex products, or machining short-run productions, this innovative small business does it all. The owner-operator is looking forward to winding down a successful three-decade run as senior plant manager and is ready to assist in the transition to new ownership.
A dedicated second plant manager has remained with the company for nearly two decades and brings a wealth of knowledge and experience to the company’s operating procedures. The company consists of several employees who focus on efficiency and key processes, keeping overhead down so that they may offer excellent value to their loyal customers. The company has serviced several high-profile accounts, including Ford, GM, Volkswagen, Range Rover, and BMW. Customers return for the excellent services, expertly crafted products, and top-tier craftsmanship.
Located in Ottawa County near a major West Michigan city, this business occupies a well-maintained 10,000 sqft building complete with multiple CNC turning centers and several vertical milling centers - all of which have recently been updated to meet modern-day production needs. Complimenting the shop floor is substantial office space to run the operation. Employees operate contemporary equipment while honing in on raw skill and exceptional attention to detail. The buyer can rent the space at a competitive price, keeping all equipment and procedures in place for the ownership transition.
The business has seen revenues averaging over $500,000 the last four years, allowing the seller to pay employees, operating expenses, and themselves, while still having money in the bank. This package is offered at an appealing price of $450,000 while the sellers are willing to carry a significant note, eliminating the need for heavy bank financing.
The sellers envision an asset sale where they retain cash and A/R while retiring all liabilities. For the price of $450,000 the buyer receives the goodwill of the business, all fixed assets, $350,000 in specialty trade equipment, and ample transition training from the owner. In addition, the sellers will hold a meaningful note for a qualified buyer.
This attractive offering is comprised of three key components:
-A 2.5 multiple of SDE for the business’s goodwill and enterprise value, which includes highly skilled technicians
-$350,000 in specialty modern production equipment
-Approximately $20,000 in trade inventory and office equipment
A dedicated second plant manager has remained with the company for nearly two decades and brings a wealth of knowledge and experience to the company’s operating procedures. The company consists of several employees who focus on efficiency and key processes, keeping overhead down so that they may offer excellent value to their loyal customers. The company has serviced several high-profile accounts, including Ford, GM, Volkswagen, Range Rover, and BMW. Customers return for the excellent services, expertly crafted products, and top-tier craftsmanship.
Located in Ottawa County near a major West Michigan city, this business occupies a well-maintained 10,000 sqft building complete with multiple CNC turning centers and several vertical milling centers - all of which have recently been updated to meet modern-day production needs. Complimenting the shop floor is substantial office space to run the operation. Employees operate contemporary equipment while honing in on raw skill and exceptional attention to detail. The buyer can rent the space at a competitive price, keeping all equipment and procedures in place for the ownership transition.
The business has seen revenues averaging over $500,000 the last four years, allowing the seller to pay employees, operating expenses, and themselves, while still having money in the bank. This package is offered at an appealing price of $450,000 while the sellers are willing to carry a significant note, eliminating the need for heavy bank financing.
The sellers envision an asset sale where they retain cash and A/R while retiring all liabilities. For the price of $450,000 the buyer receives the goodwill of the business, all fixed assets, $350,000 in specialty trade equipment, and ample transition training from the owner. In addition, the sellers will hold a meaningful note for a qualified buyer.
This attractive offering is comprised of three key components:
-A 2.5 multiple of SDE for the business’s goodwill and enterprise value, which includes highly skilled technicians
-$350,000 in specialty modern production equipment
-Approximately $20,000 in trade inventory and office equipment
About the Business
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 10,000
About the Sale
- Seller Motivation
- Retirement
Listing Info
- ID
- 2352574
- Listing Views
- 2200
Listing ID: 2352574 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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