Dept Of Defense Contractor For Sale

Business description

Unique opportunity to acquire a well established manufacturing company with a newly acquired portfolio of DOD contracts totaling $16,000,000 over the next five years. Over the past 28 years, this firm has machined and manufactured parts, tools, dies, fixtures and gages to print. A large portion of their business was to the auto industry. With the decline in auto sales, the firm started bidding on Department of Defense contracts. They were successful in acquiring $16,000,000 in contracts (one with the Navy for $14,000,000). The owners estimate that the contracts in house now will generate at least 3 million in sales in each of the next 5 years. Equipment includes 3 CNC mill machine centers, 2 CNC lathes, 3 engine lathes and much more. Seller will agree to a relatively long training and transition period. The sales and cash flow stated is on a "PRO-FORMA" BASIS FOR 2010!!

Property information

Location:

Centrally located in a light industrial area.

Premises details:

18,000 square foot facility located in a central industrial area. The seller would rent the facility for $4000 a month.

Size in square feet:

18,000

Other information

Expansion potential:

Great opportunity exists to grow the department of defense business. In addition, the company is poised for the resurgence of the auto industry in Tennessee with the addition of the Voldswagen plant near Chattanooga.

Support & training:

Negotiable

Reasons for selling:

Would like to pursue other interests

Owner financing:

Owner financing is available. Please contact the seller for more information.

Furniture / Fixtures value:

$300,000 (included in the asking price)