Summary
- Asking price:
-
$1,950,000
- Sales revenue:
- $1,650,000
- Net profit:
- $234,000
- Years established:
- 18
- Employees:
- 8 full time, 2 part-time
Business description
Manufacturer of precision screw machine parts specializing in medical, electronic and other applications. Produces close tolerance parts to a very high level of quality. In 2007 there were no returns from customers due to quality. The primary equipment that this shop uses is its five spindle Daenport automatic screw machines. In addition, the company has much more equipment to provide in-house capability to do secondary operations.
Property information
- Real Estate:
- Real Property Included
- Location:
- The company uses approximately 13,000 square feet in a larger facility that it owns. A buyer could generate income by leasing out unused space. Land is 26,000+ sq feet.
Other information
- Expansion potential:
- Land is 26,000+ sq feet, only a portion of the building is being used. Additional high-end services could be added. The company has everything in place to grow. What is needed is an expanded marketing and sales effort. The website cold be search engine optimized and other direct marketing could be used to generated leads. A salespoerson could be added to turn these leads int sales.
- Competition / Market:
- This company separates itself from the competition with close tolerance production, excellent quality control and fast turnaround at a competitive price. When one account switched to a lower cost overseas supplies, they returned within a few months. The largest account has been with the company for almost 30 years. The workforce consists of highly skilled operators who hae been with the company for many years.
- Support & training:
- To be negotiated
- Reasons for selling:
- To be disclosed to qualified buyer
- Trading hours:
- M - F, 8 am - 5 pm
- Financing available:
- It is expected that this business and real estate can qualify for conventional financing.