Precision Manufacturing

On, Canada, On, Canada, ON

Precision Manufacturing

Asking Price:$3,900,000

Cash Flow:N/A

Gross Revenue:$5,500,000

EBITDA:$1,200,000

FF&E:$1,800,000

Inventory:$1,500,000

Real Estate:N/A

Established:1996

Precision Manufacturing

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Business Description

This Manufacturing business does high precision production work, custom manufacturing and automated machine design work. It enjoys a diversified customer base, specialized equipment, full design capabilities, experienced staff and is experiencing tremendous sales and profit growth. From the outset, this business for sale has grown in leaps and bounds and strong demand by customers will result in future growth that is only limited by the owner’s desire to accept new business. The business has experienced tremendous growth in recent years and is expected to grow by an additional 100% in Long Term Agreements.. This thriving company is ISO 9001:2000 Certified and has an excellent reputation in the machine and manufacturing industry and are the “go-to guys” for many of their long term customers. Their diversified customer base encompasses the automotive industry, food industry, aerospace industry and healthcare industry. They can provide production or inspection tooling, machine builds, jigs & fixtures, prototypes and manufactured components. Their engineering department develops new concepts, anything from single components to complete turnkey plant automation or material handling projects. They are able to create parts either from customer drawings or from their own drawings in a multitude of materials including steel, stainless steel, aluminum and plastics. Starting in a rented shop space, the company outgrew the initial location and moved to larger rented premises. Eventually leasing was no longer viable so an agreement was reached to purchase the premises and further expansion of the office and plant facilities was undertaken. The land and building are included with the purchase of the business. Through the recession of 2008, most industries suffered a downturn. This company also felt the recession but continued to grow the business through the acquisition of new and better machinery, expanding the workforce and working closely with the customer base in order to keep their customers competitive and viable. The business comes with a very healthy balance sheeting including the Land and Buildings worth 400,000, Net Working Capital of 1.5 Million and equipment worth $1,800,000. If you have every considered purchasing a high end Machine Shop or Production Manufacturer – you need to check out this one.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
The Seller will provide adequate training that can be negotiated. Additional training/consulting is available from the Seller, if required, for an additional fee.
Reason for Selling:
Retirement

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Robert Mitchell

Business Listed By:
Robert Mitchell

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