-
$1,500,000
Sold For
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$1,670,000
Revenue
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$551,157
Discretionary Earnings
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Yes
SBA Financing
Military, Aerospace, and Medical CNC full service machine shop established for over 35 years with $1.6 million sales and $551K Discretionary Earnings, ISO9001 and AS9100 Certified is available for acquisition. The company services a wide range of industries including aerospace, military and commercial applications, medical, telecommunications, plus a variety of other industries.
Financial Summary
Summary | 2019 | 2018 | 2017 | 2016 |
Revenue | 1670309 | 1837080 | 1886851 | 1661100 |
Cost of Goods Sold | 510016 | 580539 | 855684 | 823567 |
Gross Margin | 1160293 | 1256541 | 1031167 | 837533 |
Operating Expenses | 877551 | 1025923 | 980780 | 865858 |
Net Profit | 282743 | 230618 | 51950 | -28325 |
EBITDA | ||||
Owners Benefits | 268414 | 359714 | 271245 | 206351 |
Discretionary Earnings | 551157 | 590332 | 323195 | 178026 |
Summary
- $1.67 Million sales
- $551,157 Discretionary Earnings
- Approved vendor for major military/aerospace programs and prime contractors
- Offered at $1.56 Million
- SBA financing available for qualified buyers
- $182,244 down with SBA financing
- $317,244 Net After Debt Service with SBA financing
The company has built a worldwide customer base of major military/aerospace and medical customers with an excellent reputation of quality and service that contributes to the success of the company. The company utilizes the latest in machining technology and solutions in order to compete in today’s demanding business environment. The company is known for its quality, rapid turnaround times, and is an approved vendor for many of the major aerospace companies.
Products & Services
- Military & Aerospace CNC machine shop services
- Medical CNC machine shop services
- ISO9001 and AS9100 Certified
- Manufacturing, Engineering and Design Assistance.
The company has a well trained professional staff consisting of 8 employees including a shop manager, machinists, and office manager. Many of the employees have been with the company for over ten years.
Staff
- 8 employees
- 2 CNC managers/supervisors
- 4 CNC experienced machinists
- Office Admin plus Office Manager
The owner is ready to retire and wants to sell the business to a qualified buyer that wants to continue and build on the quality and success of the business.
Down Payment and Working Capital Required
The minimum down payment for this business with SBA financing is $182,244 (cash). The buyer will need additional funds for working capital and closing costs of approximately $50,000. The company’s A/R can be purchased and most SBA lenders will finance the purchase of A/R as additional working capital.
Seller Role and Buyer Requirements
The owner does all quotes, provides customer technical support, and shop scheduling. The owner will train the buyer and is willing to provide consulting services after training is completed. The Buyer should have a technical background and be capable of learning to operate a CNC machining business. The Buyer does not necessarily need to be a “machinist” but should be capable of learning and understanding CNC machining.
Inquires from Principals Only