Since inception in the 1990s, this company offers custom machining (60%), custom fabrication (30%), and mill wright services (10%) to a loyal commercial customer base. $650k of Working Capital, $50k WIP and $700k of machinery/equipment (i.e Auction Value) included in the $1.4M Asking Price. During peak years from 2011 to 2015, this company had average annual EBITDA of over $1M+.They are equipped with well taken care of machining and fabrication equipment to support’s any customer’s need. Over the years, this company has developed strong & loyal relationships with their customers, which has resulted in 85% of their sales stemming from repeat commercial customers. Huge upside to buy assets at FMV, increase sales & marketing efforts, and get this business back to $1M+ EBITDA with limited additional CAPEX. Current facility and machinery have plenty of excess capacity to triple revenue in the existing footprint.
The current owner is considered to be an absentee owner as he comes in 2 days a week for ~15 hours/week. The day to day operations of the business are run by the company’s experienced team of full-time employees. The company operates out of a professional and custom constructed 21,000 sq. ft. machine shop. The real estate is owned by the seller in a different entity and the owner wants to sell the Real Estate with the business. The Real Estate has been Professionally Appraised at $1,150,000.
No, sold separately