Specialty Manufacturer Of Precision Products For Sale

Business description

Fifty Eight year specialty manufacturer of precision products for the Medical, Aerospace, Automotive, Commercial, Electronic, Scientific and Military industries and applications. This full service company has complete Engineering capabilities which include CAD/CAM and 3D Solid modeling. This unique company prides itself in having expertise in Hydro forming, Metal forming, Precision Metal Stamping, Deep Drawing, Machining, Prototyping, Fabrication and Assembly. The company has been enjoying average growth of approx. 15 % each of the 3 years leading up to 2009. In 2010 the gross revenue declined by 7.3% but the Net Profit increased by 163% and the Seller's Discretionary Income jumped by 30%. Under the leadership of the current owner over the past 30 years. Sales have grown from $250K to $1.8 Million. Increased profitability is due in part to increases in operational efficiencies and a new focus on high margin work. Diversified products, Large customer base, Excellent Employee and Management team and State-of-Art Equipment and processes. Products are used in a wide range of applications such medical implants, Electronic sensors to precision detonators devices in the military applications. Purchase Price include Equipment ($750K); Inventory ($900K);and Backlog & WIP ($2,250,000).

Property information

Real Estate:

Lease

Premises details:

8525 sq ft, $7179.00

Other information

Reasons for selling:

Retirement.

Trading hours:

Days: M-Th, Hours: 6:30-4:30

Financing available:

Downpayment Required: $0

Furniture / Fixtures value:

$750,000 (included in the asking price)

Inventory / Stock value:

$900,000 (included in the asking price)