Mfg. - Fabricated Metal Products | Mfg. - Industrial & Comm. Machinery

Asking Price	$12,500,000	Inventory	$20,000*
Gross Income	$6,578,500	Real Estate	$2,650,000*
Cash Flow	$1,500,000	Year Established	1953
FF&E	$2,200,000*	Employees	44

* included in the asking price

** not included in the asking price

This industry leading Louisiana based machine shop has been family owned and operated since it was founded in 1953. The company specializes in precision machining and fabrication of just about any material. They have 1 abrasive water-jet machine, as well as 1 vertical milling machine, 11 lathes, 3 horizontal CNC boring mills, and most other heavy equipment to manage any size job or handle any custom machining project.This C-Corporation currently employs 44 full-time employees including the owners. Fabrication generates 60% of total revenues while the remaining 40% stems from machining. Their gross profit is double that of other machining companies: 40% vs. the typical 20% because of its custom work capabilities and impeccable reputation for quality and delivery in a timely manner.

Facilities: This business is located within a heavy industrial area. There are 3 structures totaling 31,000 square feet of space situated on 3 acres of land. The main building is 2 levels while the others are 1 level. There is room for expansion at the current site. The facilities were specially built to accommodate cranes and machinery.

Competition: There is some competition in this area.

Growth/Expansion: The current owners have not accepted government contracts or pursued ISO 9000 certification, which could significantly increase revenues due to the time effort and oversight required. Another reason is the consistent and significant growth that the company already enjoys. . Finally, this company has the equipment and capacity to handle double the current work load.

Financing: There is some owner financing available to the right buyer.

Support/Training: There is an experienced, knowledgeable and youthful General Manager in place that will stay on after the transfer of ownership allowing a buyer the option to run this company in an absentee manner.

Reason Selling: The current owner would like to retire to spend time with his family and travel.