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Precision Machine Shop

Location  California,United States
Asking Price Range  $250K - $500K
Gross Revenues  $335406
Net Profit / Cash Flow  $89774
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1973
Number of Employees  1 - 3
Inventory  450000
Relocatable  Yes
Number of Employees  1 - 3
Real Estate  Leased
Training  Seller will train.
Reason for Sale  Retirement.
Description  Established in 1973, this Precision Machine Shop has been producing parts for the High Tech Industry, the Computer Industry and the Aero-Space Industry, primarily in the Commercial Sector for over 34 years. Specializing in parts less than 1.5 inches in diameter - but also has the capacity up to 4 inches in diameter. They own this market as most machine shops do not have the capacity to produce parts this size. The uniqueness of this company is in their equipment. Over the years they have designed and built turning equipment that is extremely fast, and consistently holds close tolerances down to .0005 of an inch or less. They have also developed lathes built on Harding DSM-59 lathes - pneumatic driven by Omron Computers that are set for gang tooling. In addition they have a group of smaller, very unique Hardinge HSL Lathes that are extremely fast and accurate, with turn cycles down to 10 seconds. You must be knowledgeable in machining to fully appreciate what these machines are capable of producing. As a complete machine shop, they also have Screw Machines - Traubs, A-60, A-42, A-25, and A-15, which are used to make blanks for the second operation in the Hardinge Lathes. They also have Bridgeport milling equipment, drilling, tapping and grinding equipment; Center less and Surface grinding as well. The seller decided to retire 4 years ago and by choice has been limiting production, much to the dismay of his accounts. A knowledgeable machinist can have this business up and running at its peak in a short period of time with most of the company's accounts still in tact. The seller also has a patent #USD444545s, on a unique, but simple plumbing device that he designed; it comes with the business. Marketing this device could produce untold income! The property (17,000 sq.ft.)is also for sale; located in a trade-free zone of the city that has tax benefits! The Financial numbers are an average of the past 10 years.
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