Machine Shop Specializing In Large Turning

Canton, OH (Stark County)

Seller Financing Available
Machine Shop Specializing In Large Turning

Asking Price:$750,000

Cash Flow:$251,937

Gross Revenue:$1,287,106

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1965

Machine Shop Specializing In Large Turning

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Business Description

Empire Business Associates, a Northeast Ohio merger and acquisition firm, represents a precision machine shop that specializes in the fabrication of larger parts that require heavy machinery in the production process that is available for acquisition.

The Company’s focus is on higher margin, large part machining. This provides a unique underserved market segment, with very little competition and high margins.

The shop is well organized with cranes directly over the production equipment, making material handling of these very large parts simple and efficient.

The Company fabricates a wide variety of parts consisting of gear boxes, rods, shafts, drums, frames, augers, cylinders and much more. With limited competition in the US, the Company offers services that are high margin. Customers are located throughout the US.

Detailed Information

Employees:
5
Facilities:
Machining & Fabrication 14,000 sq. ft. Office Space 1,500 sq. ft. Total Space 15,500 sq. ft. The company comprises one building on 3 acres
Growth & Expansion:
There is an opportunity to work with large equipment manufacturers to provide repeat business. Wind turbine gear boxes and main shafts, for example. Their current areas of expertise include: Hydraulic press cylinders and frames Overhead cranes Power generation turbines Large fan shafts used in tunnel air flow systems Forging press parts, dies and tooling Generator shafts Extrusion equipment Steel mill equipment Injection molding and machinery (plastic and rubber) Rubber machinery Process machinery Turbine and generator shafts
Reason for Selling:
The owne has been operating the business for 51 years and now wants to retire.

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Michael Benson

Business Listed By:
Michael Benson

Empire Business Associates

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Memberships & Certifications:
Indicates membership in the Ohio Business Brokers Association (OBBA).

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