Ill Owner Drops Price Of Established Cnc-shop (17859) For Sale

Based in Central California, this 40-year-old machine shop provides engineering and custom manufacturing services. The company has a supervisor and highly skilled, experienced machining staff who produce high-quality parts for packaging, food processing tools, equipment, automotive parts, and other industries. The majority of revenue is sourced from the packaging and food processing industries. The company operates out of a shop-based location totaling nearly 9,000 square feet. The facility includes a comfortable office area, shop space, and good warehouse storage. The owner has thrived in an industry that has experienced tremendous change over the past fifteen years by transitioning away from large-run orders, which can be easily handled by a smaller team. This approach allows them to maintain a solid, diversified business while enjoying higher margins and less wear and tear on the equipment. The company’s customer base consists primarily of large regional food processing and packaging plant companies in need of machining and engineering services, with another customer base consisting of industrial, automotive, and agricultural industry clients. The operation is also capable of providing part and machine repair services to its customers on demand and through service-level agreements. The best buyer profile is an industry professional with a strong project pipeline or another CNC shop looking to expand through acquisition. A new owner is looking for a reputable, established operation capable of capitalizing on new customers that need partial or entire repair or engineering services. In 2023, the company’s total revenue was $895,066, with the seller’s discretionary earnings of $310,803, compared to 2022’s $702,066 and SDE of $269,611. The motivated seller wants to retire, so the price was reduced to $600,000 and he is open to carrying a note.