Precision CNC Machine Shop-Real Estate Under Contract

Providence, RI (Providence County)

Precision CNC Machine Shop-Real Estate Under Contract
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Asking Price: $600,000

Cash Flow: N/A

Gross Revenue: $900,000

EBITDA: N/A

FF&E: $310,000

Inventory: $20,000*

Real Estate: N/A

Established: 1988

*not included in asking price.

Precision CNC Machine Shop-Real Estate Under Contract

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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 is under sales agreement with a non-CNC party. Lease potentially available to buyer of the CNC business. We do not represent the potential buyer of the CNC business for such a lease.

Business restructured in July 2019.

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 $600,000.

Real estate also for sale for $1.6 million.

Lender to business wants to work with interested credit strong and experienced parties.

Detailed Information

Location:
Providence, RI
Inventory:
Not included in asking price
Real Estate:
Owned
Building SF:
23,000
Employees:
5
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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