This solid Tier 1 and Tier 2 machine shop manufactures tools and parts for the defense, medical, and aviation industries. As a manufacturer of replacement parts for existing military equipment, they are benefitting from the recent government cutbacks, since the military now needs to keep their existing equipment operational longer. They have recently expanded the services they offer and reduced outsourcing, both of which are increasing the bottom line. Their profitability increases yearly! There is a large inventory of finished parts to help meet the constant reorders for parts above the initial contracts. They are an AS9100 and ISO facility, and their classification as a precision machine shop keeps down their workers comp rates. The business operates out of a 25,000 sq. ft. building, with another tenant who occupies about 9,000 sq. ft. This building is available for purchase, or a new lease. The owner would like to stay on to provide training and to ensure a smooth transition. This is the perfect operation to use as a base and expand by adding other machine shops and their work.
Gross Sale: $1,209,000
Net Profit: $162,871
For more information contact:
Bridge Business & Property Brokers