Manufacturer of Milling Machines

Muskegon, MI (Muskegon County)

Manufacturer of Milling Machines

Asking Price:$375,000

Cash Flow:$65,000

Gross Revenue:$625,000





Manufacturer of Milling Machines

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Business Description

The company was established over 70 years ago and has been owned by the current ownership group for nearly 30 years. The business manufactures a complete line of vertical, horizontal, knee-type, CNC and manual milling machines. Customers served include various industry, military and government sectors and all of those who still appreciate and demand the quality of a "made in the USA" product can offer. Very little marketing has been done in recent years and sales are being driven nationwide by the reputation for quality, value and service the company offers. In addition to producing new equipment, the company offers partial or total rebuilding services for older models including new parts and upgraded CNC control systems. An extensive inventory of "new, old stock parts" is maintained by the company to make sure an exact match is achieved in any rebuilding project. A unique opportunity to acquire a strong company with a solid product history and reputation. Sellers will consider all proposals for merger or acquisition.

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The company leases some 15,000SF (+/-) of industrial space from a third party on a month-to-month basis at a rate of $2,800.00/month. All equipment, inventory, patterns and prints are included in the asking price.
Strong opportunity, limited number of manufacturers of this type of equipment in the United States today.
Growth & Expansion:
Current production could be expanded with a concerted sales and marketing effort.
Support & Training:
The owners will provide training and orientation in the business operations as part of the sale process. Current management team (non owners) would consider remaining with the company after a sale.
Reason for Selling:
Absentee owner is seeking a new owner in anticipation of retirement.

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Roger Rumble

Business Listed By:
Roger Rumble

The Stratford Associates, Inc.

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