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.

Highlights:
• 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

PURCHASE PRICE:

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.

P&L SUMMARY:9/30/2019201820172016
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
Inventory 158,000
 4,274,733

 

 

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
www.keatepartners.com
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