Precision Machine Tool Manufacturer

Columbus, IN (Bartholomew County)

Precision Machine Tool Manufacturer

Asking Price:$1,000,000

Cash Flow:$271,587

Gross Revenue:$2,994,636

EBITDA:N/A

FF&E:$369,221

Inventory:N/A

Established:1978

Precision Machine Tool Manufacturer

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Business Description

Specialty precision machine tool manufacturer serving aerospace, heavy industrial, and power generation manufacturing applications. The 5 year averages have been gross revenue of $2.7M with $276K net earnings. Staff is staying with the business and a 30K sq ft facility is bank appraised at $800K and for sale in a separate transaction.

Detailed Information

Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Owned by a native of Germany, this machine tool manufacturer has been the only North American manufacturer in this specialty machine tool niche dominated by competition based in Germany. Founded in 1945, US operations were established in 1978 in Indianapolis and the long time GM purchased the US company in 2010 while the German parent company was acquired by a German conglomerate that went bankrupt. The Indiana company retains the rights to and has the engineering designs going back to 1945.
Competition:
This company owns no patents. It's 70 year engineering design expertise and design database gives the company the competitive edge in pursuing $100K+ machine tool projects where errors are too costly to consider hiring a firm who has never designed this product. Primary competitors are in Europe.
Growth & Expansion:
Great add on business for any manufacturer with an existing distribution channel in aero, heavy industrial, or power gen.
Support & Training:
2 weeks
Reason for Selling:
career change

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Steven Fero

Business Listed By:
Steven Fero

Transworld Business Advisors of Indiana

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Sponsoring Broker:
Michael Berry

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