Well established full service job shop specializes in metal spinning, deep draw and hydroforming parts and components for the aerospace industry. The Company has grown into a leading job shop and makes its own precision tooling-simple or complex for clients' unique parts. The shop manufacturers to exact specifications, achieves high accuracy and tolerances critical for the aerospace and medical industries, is cost competitive, and offers a quick turn-around time.
This is an excellent add-on for a company looking to expand through acquisition. The equipment is currently underutilized and the Company runs a single shift, so there is substantial opportunity for growth as well as maximization of efficiencies. Several of the employees have been with the company for 15+ years.
Revenue increased in 2013 over 2012 and there has been a substantial increase in 2014 due to some large contracts which were awarded at the end of 2013. The asking price of $699,000 includes furniture, fixtures, equipment and machinery with a cost basis in excess of $275,000 as well as inventory of $6,000 at cost, and a backlog of orders of approximately $350,000. Call or email now for further information!