BUSINESS FOR SALE M-2603
CNC MACHINE JOB SHOP / CONTRACT MFR - GREATER CINCINNATI
This company is a fully operational CNC machine job shop / high volume contract manufacturer using top of the line CNC machines that run 24 hours a day, seven days a week, mostly unattended (except for set-up). The company also has Vertical Machining Centers, Wickman 6 Spindle Lathes, Davenport Screw Machines, CNC Swiss Machines, and Mill / Turn CNC Lathes.
The total current market value of equipment is estimated to be $2,000,000 (original cost over $4,000,000). The company has a solid, repetitive customer base that keeps pushing new business to them.
• Highly profitable, YTD 2019 is up
• Long term, well established customer base with repetitive work
• Highly automated CNC equipment
• Current customers are in the recreational, industrial, RV industries
• 2019 year-end results are expected to be close to 2018 results
• Manufacturing, machining, CNC experience needed
The business is being offered as an asset sale for $3,700,000 free and clear of debt and liability.
In addition to a 100% sale, the seller will consider keeping 15-30% for up to three years and staying with the company with a final buyout of his percentage at that time.
|Total Revenue|| 1,929,169|| 2,439,889|| 2,125,646|| 1,688,164|
|Gross Profit|| 944,169|| 1,322,264|| 1,181,642|| 843,415|
|EBITDA|| 579,326|| 863,613|| 762,960|| 371,058|
EBITDA: Net Income / Cash Flow of the business before perks, interest & depreciation. $125,000 new owner salary left in expenses.
|ASSETS INCLUDED IN PURCHASE:|
|Furniture, Fixtures & Equipment at Cost (Includes new equipment delivered in 2019)|| 4,016,733|
|Working Capital (Receivables less Payables)|| 100,000|
DETAILED OFFERING MEMORANDUM IS AVAILABLE
For Further Information Contact:
KEATE PARTNERS, LTD.
1095 Nimitzview Dr. Suite 201
Cincinnati, OH 45230
(513) 241-3700 Fax (513) 672-9386
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