90+ Year Established Highly Profitable Precision Machine Shop with Substantial Backlog for 2024.
This business mainly supports the Oil Field Service industry with long time relationships, including the Top 3. The business is "Mission Critical" with these Top clients. No marketing at this time with repeat business from 100+ long time clients.
Substantial 2024 backlog ensures growth from 2023 Highly Profitable results. The company employs 30+ experienced Manufacturing Professionals who provide exceptional contract machining services. The company utilizes state of the art machines & lathes to maintain compliance with the quality standards of ISO 9001: 2015.
30,000+ Sq Ft facility is owned. $3M Included in Listed Price.
- Asking Price:
- $11,000,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $8,500,000
- Cash Flow:
- $1,881,513
Property Information
- Real Estate:
-
Real Property Included
- Premises Details:
-
30,000 sq ft facility Owned. $3M included in Listed Price.
Business Operation
- Expansion Potential:
-
Strategically adding to capacity would increase revenues.
- Competition / Market:
-
This business leverages it's extremely long term relationships with clients.
- Reasons for selling:
-
Owner retiring to pursue other family interests.
- Trading hours:
-
Monday-Friday 8am-5pm
- Employees:
- 36 FT
- Years established:
- 92
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Furniture / Fixtures value:
- $3,600,940 - included in the asking price
- Inventory / Stock value:
- $1,259 - included in the asking price
