40yr Old CNC Shop $150K net3 yr Avg with $650K '18 sales!

Duncan, OK (Stephens County) (Relocatable)

Seller Financing Available
40yr Old CNC Shop $150K net3 yr Avg with $650K '18 sales!
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Asking Price: $450,000

Cash Flow: $300,000

Gross Revenue: $640,000

EBITDA: $150,000

FF&E: $250,000

Inventory: $10,000

Real Estate: $450,000*

Established: 1974

*not included in asking price.

40yr Old CNC Shop $150K net3 yr Avg with $650K '18 sales!

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Business Description

40yr old CNC Shop $150K+ net 3yr avg with $650K '18 sales avail now for 10% down

Extremely profitable Central OK CNC machine shop providing large production run lathe and mill work, precision tooling, small machine design, prototyping/product development, reverse engineering/repair work, and short run production services.
This business has averaged 30% net margins over the last 3 years with nearly $650K in sales for 2018. The 40+ year old business has late model Mazak CNC machines in a new hvac’d 6600 sq ft metal building on 2 acres of prime industrial zoned land. Ownership has nearly a century of combined experience in tool and die as well as precision products manufacturing. The owners are accomplished machinists and will stay on for an extended transition period of up to 60 days. The business has key customers in the oil & gas industries and has grown nearly 300% in the last 3 years alone! Growth potential exists to service several large regional industries with minimal capex requirements. The industrial manufacturing sector the business operates in makes it both an outstanding “add-on” or “platform” acquisition. In the center of the country, only a few miles from a major interstate, with its low cost of living, minimal competition and existing skilled labor force makes this business an attractive opportunity. The business is priced at $890,000 including real estate valued at over $450,000. 10% down SBA and USDA financing are readily available on this one. This opportunity will not be around very long! Please call Jay Shrewder today for more information.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
6,600
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Nearly new state of the art 6600 sq ft building on 2 acres in industrial park designed for CNC milling and lathe work
Competition:
Some local/regional comp but company 20+ yr "preferred vendor" for largest customer.
Growth & Expansion:
Growth potential in region substantial as oil and gas activity thriving
Financing:
15%
Support & Training:
Owners will provide extensive training and customer support for 30 day through transition. They can stay on longer under employment agreement.
Reason for Selling:
Senior owner to retire
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Jay Shrewder

Business Listed By:
Jay Shrewder

Global Business Brokers LLC

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