Precision CNC Machine Shop-Fifteen Machines-$1.9 million Plus Revenues

Providence, RI (Providence County)

Precision CNC Machine Shop-Fifteen Machines-$1.9 million Plus Revenues
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Asking Price: Get Financing: $1,625,000

Cash Flow: $312,459

Gross Revenue: $1,937,589

EBITDA: N/A

FF&E: $910,000

Inventory: $135,000

Real Estate: N/A

Established: 1988

Precision CNC Machine Shop-Fifteen Machines-$1.9 million Plus Revenues

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Business Description

Twenty five years of operation. High quality CNC milling and CNC turning. Fifteen employees. Detailed equipment list including Haas, Mori Seki. Major materials processed include aluminum, stainless, Ti, and various performance plastics. Unusually strong inspection capabilities for a company this size. Major end markets are technology and consumer.

Three owners positioning for retirement. Real estate also available (multiple tenants).

Who should buy this business?

A. Strategic buyer seeking additional capacity.

B. Defense related CNC business who wants to add non-defense business legs.

C. Out of state buyer targeting a base in strong Rhode Island manufacturing economy.

Asking price is $1,625,000 plus four percent commission on to-be-released new programs (can provide detailed list) which potentially can add $500,000 to $1 million or more revenues annually.

Lender to business wants to work with interested parties.

Asset base very strong.

Good quality financial statements.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
25,000
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two story L shaped building. Large glass windows on front exterior. Over fifty parking spaces.
Competition:
Similar CNC based business models generally focused on defense and lacking this levelof inspection capabilities.
Growth & Expansion:
Add new business legs.
Support & Training:
Two weeks. Then one or more owners willing to consult subject to any lender approval.
Reason for Selling:
Retirement
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Robert Flynn

Business Listed By:
Robert Flynn

United Brokers Group LLC

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Memberships & Certifications:
Indicates membership in The New England Business Brokers Association (NEBBA).


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