EDM & CNC Machine Shop, with Real Estate Included

Houston, TX (Harris County)

Seller Financing Available
Machine Shop
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Asking Price: $9,197,000

Cash Flow: $1,000,000

Gross Revenue: $10,000,000

EBITDA: N/A

FF&E: N/A

Inventory: $384,000

Real Estate: N/A

Established: 1989

EDM & CNC Machine Shop, with Real Estate Included

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Business Description

The Company is a contract machine shop specializing in the machining of exotic materials for a variety of industries. The Company offers deep knowledge of down hole tools and are able to provide consultative inspections, research and development machining, turn-key manufacturing using EDM, welding, drill & hone equipment with precision and tight tolerances and varying production size and quantity capabilities with on-time deliveries.

Services include laser welding, surface treatments, heat treating, EDM machining, and CNC mill & lathe machining. The Company also offers repair service that include re-sleeve bearings, refurbish bore and shaft diameters, assist in prototype design/parts, straighten bent tools, repair multi-supplier machine shop non-conformance incidences. Repair services account for approximately 10% of total revenue. 

The price includes the business and all of the operating equipment, 10+ acres of land and 34,482 sq. ft. of buildings, and $1.4 in net liquid assets (accounts receivable less accounts payable), and raw material inventory of $384,000.  There are 62 employees and supervisors, including an machinist, technicians, office staff, sales staff, and operations manager who will stay with the business.  The retiring owner will stay for a reasonable transition period. 

This business has good financial records and should be easily financible.

Detailed Information

Location:
Houston, TX
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
29,194
Employees:
62 FTE
Facilities:
There are two facilities. One property consists of 29,194 sq. ft. in 10 buildings located on 9.66 acres and the other property consists of 8,288 sq. ft. on 0.925 acres.
Financing:
Third party financing may be available for a qualified buyer
Support & Training:
Seller will negotiate a transition period
Reason for Selling:
Retirement
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Jeff Jones

Business Listed By:
Jeff Jones

Texas Broker

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