BUSINESS FOR SALE M-2625s

MACHINERY MANUFACTURER - GREATER CINCINNATI

This decades old company designs and builds equipment that serves the beverage, household product, automotive aftermarket, contract packaging, food, and blow molding industries. The company ships both domestically and internationally. The company also does “job shop” work for local companies, which accounts for 20% to 30% of revenues - depending on the company’s workload and the job shop customers’ schedules.

The company has a number of “standard designs” which they tailor to meet their customer’s requirements and also integrate into turnkey solutions. The company prides itself in its ability to engineer changes and develop innovative solutions to meet their clients’ unique applications. The company employs four engineers, with an accumulated tenure of over 45 years, and performs all of their development work utilizing 3D software. The company manufactures the majority of their components within their in-house CNC machine shop.

After two years of heavy R&D and prototyping, the company has developed a new line of equipment that meets the needs and budgets of its customers like no other product on the market. In the first nine months of the current fiscal year the company shipped $1,736,000 in new equipment and has a solid backlog of over $1,350,000.

Current fiscal year (ending July 31, 2020) is anticipated to exceed 2019’s performance as shown below. FYE 2020 will be the highest machinery sales in the company’s history.

REASON FOR SALE: The company’s owner has reached retirement age is ready to retire and transition his company to a new owner.

PURCHASE PRICE: The business is being offered as an asset sale for $1,550,000 free and clear of debt and liability.

P&L SUMMARY:

Fiscal Yr ends 7/31

Accurate Estimate

7/31/2020

201920182017
Total Revenue  3,000,000   2,336,988    1,985,434       2,466,783
Gross Profit   1,450,000     1,045,159      998,626          983,014
ACF      600,000      400,393       282,667          278,084
ACF: Net Income / Cash Flow of the business before owner salary, perks, interest & depreciation.
ASSETS INCLUDED IN PURCHASE:
Equipment        350,000
Inventory        150,000
Total      500,000

 

 

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
www.keatepartners.com
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