Seller Financing Available
Gross Revenue: $872,540
Real Estate: $450,000*
* not included in asking price.
NJ Based CNC Component Manufacturer Serving OEMS
Modern CNC Shop Serving The Scientific Instrument Sector. Asset Heavy
This NJ based CNC component-manufacturing company is the sole service provider of the components they manufacture for the scientific instrument and medical instrument sectors. They have an outstanding reputation for producing quality precision parts on time, working in tolerances of +/- .003. They excel in the areas of milling, turning, welding, fabrication, assembly and prototyping. Materials used include aluminum, plastic and stainless steel. They are responsive and nimble, meeting tight deadlines as needed. The current staff is made up of engineers, machinists, tool and die makers, CNC programmers and machine operators. Their loyal employees joined the company immediately upon graduation, so most have 10-15 years left in the workforce. They work independently, without supervision to the point that the current owners have no hands on responsibility. The shareholders have a second home, out of state, where they reside for half the year, comfortable and confident that the business they built is in good hands. They have not endeavored in any way to get new business for many years and are currently operating at less then 20% of their ultra-modern plant and machining capacity.
Inventory: Included in asking price
Real Estate: Owned
Not included in asking price
Building Sq. Ft.: N/A
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: The company has ultra modern, state-of-the-art multi-axis machining centers. Their hard assets include: lathes, (CNC & manual), Milling (CNC & manual), quality control equipment and processes, multi-station shop manager system, CAD/CAM computers, welding, drilling, sheet metal presses, grinding, saws and other miscellaneous finishing and handling equipment. In addition, the buyer will have access to the company’s intellectual property including, but not limited to, trade name, web domain, customer lists and records, all of which are included in the acquisition price. Management estimates the value of the hard assets to be in excess of $750,000. A complete facilities list will be made available at a later stage of inquiry.
The company operates out of a 10,000 square foot facility with air-conditioned offices. The building is owned by the shareholders and available for purchase separately for $450,000.
Competition: Our client company has a solid 40+ year history. Their sales are diversified across a number of industries, providing an element of protection should trouble arise within any one sector. The workforce is loyal, dependable and highly skilled. There is no outsourcing of product, ensuring quality and consistency.
Growth & Expansion: This company had developed a consistent track record despite no marketing or promotion. The growth possibilities are mind bending simply by adding a sales team, addressing their SEO and possibly adding an online quoting mechanism to expand their market share. Their ability to partner with clients from the initial stages of prototype development through to packaging is noteworthy. Although the Sellers have disengaged from business development, they’ve consistently upgraded their machine tools and systems. An acquiring person or entity is assured of a smooth transition because of these systems and the incredibly skilled staff.
Financing: Partial Seller financing is available to qualified buyers
Support & Training: The Seller will remain with an acquiring entity for training and transition, with consulting afterward if needed.
Reason for Selling: The Seller has been in business almost four decades and wishes to retire.
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