Established Machine Shop for Sale

Ottawa County, MI

Seller Financing Available
Due to its flammability and processing requirements, few shops have the knowledge and expertise required to machine a variety of the materials that the Company

Asking Price:$700,000

Cash Flow:N/A

Gross Revenue:$929,598

EBITDA:N/A

FF&E:$662,650

Inventory:N/A

Real Estate:N/A

Established:1987

Established Machine Shop for Sale

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Business Description

Located in West Michigan, this 29-year-old machine shop specializes in custom fixture solutions and special materials machining, as well as having large-sized machining capabilities that few competitors can match. A broadly capable operation with 10 diversely skilled employees, the Company also offers a full range of services from machining to welding and final assembly. The business has 10 major pieces of equipment including four CNC machines and an assortment of smaller fixed assets.

The Company is owned by an individual who is not involved in the Company’s day-to-day operations, however is seeking to sell the business due to his increasing involvement in multiple other business ventures.

The real estate is owned by a related entity and is available for sale or lease.

Detailed Information

Real Estate:
Owned
Building SF:
10,000
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company is located in an attractive and convenient 10,000 square foot facility in a desirable West Michigan community. The facility has recently gone through a Phase I and Phase II environmental inspection.
Competition:
Due to its flammability and processing requirements, few shops have the knowledge and expertise required to machine a variety of the materials that the Company handles. For decades, the Company has maintained the necessary customer relationships and tribal knowledge to effective machine these unique materials. Machining large components not only requires very large machining centers but skilled operators who can manually control them. Both of these assets serve as barriers to entry to other shops that might consider adding these capabilities. The Company has an excellent core team of committed individuals who demonstrate high levels of responsibility, knowledge, and professionalism. It is this capable team and the systems and customer-base built over nearly three decades that enable the Company to run autonomously.
Growth & Expansion:
With limited ownership involvement, the Company’s cash flow tends to ebb and flow with the demand generated by its long-time customers. The owner believes that a buyer who is able to be more involved in the daily operations of the Company could greatly improve its financial performance. The Company’s ability to machine unique materials is a real differentiator from other machine shops. Emphasizing this capability could be a great way to grow the business. Currently, the Company is doing this type of work for a customer with locations across the country, so it is certainly not bound by geography.
Financing:
Available for qualified buyers.
Support & Training:
Owner is willing to assist in a reasonable transition period. Please note that the owner is largely absentee and there is a team in place that operates the business day-to-day including a very well qualified office manager.
Reason for Selling:
Not enough time to devote to this business due to other business holdings.
Business Website:
http://www.caldergr.com/machine-shop-for-sale-holland-zeeland-michigan/

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Max Friar

Business Listed By:
Max Friar

Calder Capital

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