Close Tolerance Metal Manufacturing Company

Chicago Metro Area, IL (Cook County)

Close Tolerance Metal Manufacturing Company

Asking Price:$920,000

Cash Flow:N/A

Gross Revenue:$1,254,403

EBITDA:$135,031

FF&E:$680,465

Inventory:$59,000

Rate/Sq. Ft.:N/A

Established:1955

Close Tolerance Metal Manufacturing Company

Get Financing Save Print Share Valuation Report

Business Description

This established precision metal manufacturing company enjoys a reputation for quality products and on-time delivery.

Retention of established clients is extraordinarily good. This firm's base continues to grow with additional divisions of existing customers placing orders and new clients coming on board.

Long term, skilled employees, good systems in place, and well maintained equipment complement the package.

Revenues and earnings are on the rebound from the downturn the U.S. economy experienced in the last few years. In April of 2015 the Owner commented that the company's backlog of orders has doubled since December 2014.

Gross Revenues for the Fiscal Year Ending August 31, 2014 were $1,333,062 with Seller Discretionary Earnings of $207,420.

This company has generated $1,404,940 in revenues in the most recent twelve months (August 2015 through July 2016).

This is a definite increase from the revenues for the twelve calendar months in 2015 which totaled $1,363,421.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The facility offers quality office space combined with a manufacturing plant designed to support both the power requirements and the weight of the equipment. The location affords easy access to multiple major highways, facilitating customer and vendor deliveries. The Owner estimates the company could be relocated within a 25 mile radius of its current site.
Competition:
Industry reports forecast growth over the next four years for metal manufacturers. This company continues to serve long term, existing customers while adding new firms to its existing customer base. Competition may have decreased somewhat due to the recent recession.
Growth & Expansion:
The Owner believes the majority of this firm's competitors survived due to the very nature of the specialized, close tolerance, metal manufacturing they produce. The typical machine/job shop does not fall into the category of competition.
Support & Training:
The Owners will provide training and transitioning for one month as part of the purchase price and consider working for the new Owner for six to twelve months with a satisfactory employment agreement.
Reason for Selling:
Retirement

Listing Statistics for Premium Members

Ad#:734037 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Linda J. Purcell CBI, CSBA Fellow of IBBA,

Business Listed By:
Linda J. Purcell CBI, CSBA Fellow of IBBA,

Purcell Associates LLC

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings