Machine Business Primarily Fabricating Chucks
Location New Jersey,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1964
Number of Employees 6 - 9
Relocatable Yes
Number of Employees 6 - 9
Real Estate Owned
Training Owner is willing to remain for a negotiable period of time in order to facilitate a smooth transition.
Description Recently Reduced! Highly Motivated Seller!
This business manufactures a PATENTED safety chuck in 21 different models with inches and metric square drives. The chuck is a safe, automatic locking device, shaft support and direct power transmitter for all web winding equipment and operations. The simplified and compact chuck design permits it to be applicable to most existing web lines and ideal for original equipment. The chuck is to be used with most power transmission devices such as electric, hydraulic and pneumatic, friction clutches, brakes and is adaptable to all other drive systems. Other uses included but not limited to; winding & unwinding equipment used for the manufacturing or processing of materials such as paper, film foil, plastic rope, rubber, cable. The business produces a chuck that may only be opened when the locking device is in the upright position and possesses a unique system of locking which is rigidly engineered for safety and quick, easy operation. A rotational self-locking action that is activated from the open position by rotation of the shaft in either direction. A single moving part cam locking system saves costly replacement of wearing parts.
This turn-key operation with all tools, inventory, equipment and employees ready to go specializes as a manufacturer of PATENTED safety chucks. Machinery, equipment provides the labor for manufacturing all the parts. All of the chuck inventory parts and $100,000.00 worth of foundry tooling for aluminum castings are included in the sale.
This business sells its machinery, components, accessories and chucks to an international market and can be expanded with marketing and hands on approach by the new owner.
1x Building Included. 0.7 Acre industrial lot, 10,000 sq. ft. masonry and brick constructed building.
Additional Features: (7) 20' long storage containers, Office, bathrooms including one men's, one woman's, and one men's room in shop with wash basin and locker cabinets.
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