Specialty Machining, and Assembly - SE Michigan
This outstanding Southeast Michigan business features simplistic operations, highly seasoned productive workforce, and an attractive, long-term diverse customer base.
With its over 30-year history of profitability, the business would be suitable for a SBA 7a loan for an individual buyer, or a great strategic acquisition for a company looking to expand its capabilities and possibility some great new customers as well. The 7a loan will provide a very long amortization when the building and business a combined in a loan, often times over 25 years. With as little as 10% down, the debt service payments are very affordable leaving more than $300,000/yr. available after paying for debt service.
The majority of the company’s revenue is generated through the machining and manufacturing metal products which are sold to solid long-term, and diverse customer base. The customers range from small shops to multi-national corporations, to which this company has a tier one relationships. The majority have been with the company, as repeat customers, for over 10 years, some much longer.
Many of the products are used in the assembly of large automated industrial systems built and shipped to customers both locally and throughout North America.
The business is being sold turnkey with all equipment, customer lists, systems, and improvements, on a cash-free debt-free basis. The equipment, which is CNC metal removing equipment, was recently appraised with a FMV of $827,000.00.
The owner and staff members run the overall daily activities, including quoting, sales, and customer service. The shop has a very seasoned long-term trained staff, coupled along with solid systems, equipment and procedures, helps this team turn out very high-quality parts, on-time, and on-budget.
Financials (USD)
Asking Price $2,000,000
Cash Flow $600,000
Sales $3,560,000
Deal Terms
Represented by broker? Yes
Buyer Fee? No
Seller Financing? Available On Request
Willing to co-broke? No
Principals only? Available On Request
Franchise? No
Management will stay? Yes
Relocatable? No
Real Estate? Available On Request
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