Established and Profitable Engineering and Machine Shop

Franklin County, OH

Established and Profitable Engineering and Machine Shop
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Asking Price: $1,350,000

Cash Flow: $330,000

Gross Revenue: $822,000

EBITDA: N/A

FF&E: $300,000

Inventory: $100,000

Real Estate: N/A

Established: 1971

Established and Profitable Engineering and Machine Shop

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Business Description

For sale is this well established and profitable engineering and machine shop business in central OH close to Columbus. While this company has been in business since 1971, the current owner took it over 20 years ago and has built it to its current level of profitability. He is now ready to turn the business over to another owner that can add a significant business development effort and begin to take advantage of the existing production capability.
In 2018, this business produced sales of $822K while netting the owner in excess of $300K of cash flow. For the first quarter of 2019, the business operated at a revenue run rate exceeding $1,000,000.
This shop is capable of machining and fabrication, both short and long runs ranging from 1 piece for special applications to thousands. Equipment includes a variety of vertical machining centers, CNC turning centers and convention mills and lathes. In addition, production is accomplished with dozens of mills and lathers, grinders and saws and a full-service welding department. The company also offers sheet metal services with roll, break and shear capabilities. Production raw materials include all types of metals, plastics, aluminum, stainless, boron, nitrite, exotics and more. More detailed information is available.
The customer base is solid and diversified. Customers can be found in the food industry, construction, manufacturing, aerospace, universities, the military, the clothing industry, city sanitation, the automotive industry and others.
The business operates within a 10,000 SF facility (owned by the seller) and utilizes 5 full time and tenured employees. The owner currently intends to continue owning the facility and leasing it back to the new owner at competitive terms but is willing to consider selling the property under the right terms and conditions.
The potential of this business to double or triple in size is significant. The equipment is currently utilized only one shift per day, 5 days per week and runs at less than 40% capacity. The new owner will want to concentrate on business development from a wide variety of potential clients.

Detailed Information

Location:
Franklin County, OH
Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
10,000
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
10,000 SF well situated building with an adjoining yard of more than an acre to store product or facilitate moving product or equipment
Growth & Expansion:
There is huge potential for growth in this business. Owner has simply built it to what he and his family are comfortable with. Equipment is underutilized and existing employees can absorb more work. Significant growth will require more emplioyees, but not more equipment.
Financing:
TBD
Support & Training:
Owner transition, to be negotiated.
Reason for Selling:
Owner ready to pursue other interests. No desire to put effort into expansion.
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Michael Hall

Business Listed By:
Michael Hall

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