Specialty Machining Company With Growing Sales
Location California,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $3000000
Net Profit / Cash Flow $700000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1978
Number of Employees 10 - 19
Inventory 500000
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Owned
Training negotiable as needed for buyer
Reason for Sale Retirement
Description Title: Specialty Machining Company with growing Sales and profitability in Northern California
Asking Price: $2,125,000 (consisting of Business Price: $1,400,000 Real Estate Price: $725,000)
Fiscal Year end Sept. 30th, 2012 (LFY) Revenues: $3,000,000 LFY Adjusted Cash Flow: $700,000+
FF & E: approximately $450,000 (Included in the purchase price) Down Payment: $500,000
(Industry: Machining Industry)
This growing company was established over 34 years ago with the current owner being a part or full owner for 30 of those years. Business produces excellent cash flow. They provide high precision machining for Electronics Industry, Medical Devices, Microwave, and Lasers Industries. They specialize in close tolerance production milling, CNC programming from 3D IGES & 2D DXF files, using Mastercam, Autocad and SolidWorks. Experience with Aluminum, Kovar, stainless steel, plastics & exotic metals.
They are housed in a 5700 square feet, fully air conditioned building. The real estate is being sold along with the business. Owners may be willing to lease the building on a long term lease for a well-qualified buyer, if the Buyer doesn't wish to purchase the building.
Some of the Furniture, Fixtures, & Equipment included in the sale price are:
9 Kitamura Machining Centers
One JE-60 ENSHU Horizontal Machining Center
One Miyano CNC Turning Center
Numerous other equipment necessary for the operation
There is some customer revenue concentration. Business has been extremely attractively priced to accommodate that factor at around 2 multiple of Adjusted Cash Flow.
Owners are willing to help with training and transition. Owners wish to retire.
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