Precision Machine Shop

Essex County, MA (Relocatable)

Precision Machine Shop
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Asking Price: Get Financing: $770,000

Cash Flow: $252,000

Gross Revenue: $917,000

EBITDA: $152,000

FF&E: $385,000

Inventory: N/A

Lease Rate: $22,800 /SF

Established: 1973

Precision Machine Shop

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Business Description

This business is a first class machining and toolmaking shop. They employ highly skilled employees to produce close tolerance and accurate machining. The company specializes in precision tooling and fixtures, along with Electrical Discharge Machining services. The company can produce moderate volume runs, but specializes in the niche market of producing prototypes and small volume, specialty and detail products. They also offer sub-contract mechanical design and CAD layout services.
The company was established in 1973. The current owner works full time in the business and has owned it since 1995.
The business operates out of a 5,000 sf space within a large commercial building. It can eventually be moved and combined with another business, or the lease can be extended past the February 2020 lease expiration.

• Established customer base with numerous high-quality, repeat customers.
• Experienced, highly-skilled workforce
• Niche market of prototypes, small-quantity runs, emergency (quick turn-around) projects, specialty and detailed work
• Reliable sub-contractor relationships
• High-quality equipment
• Services a varied customer list from multiple industries
• Reputation for tooling prototypes and producing small quantities. Although time consuming, these are higher margin projects that often lead to larger and repeat orders.

Services Provided:
• Prototype/Production Machining
• Wire EDM
• Ram EDM
• Manual and CNC Milling
• Surface Grinding
• Jig Grinding
• Honing
• Manual and CNC Turning
• Jigs & Fixtures
• Mechanical design and CAD layout.

Detailed Information

Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
2/28/2020
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
The current owner operates this business at a level that suits his lifestyle and comfort level as a manager. There is ample equipment, space, and capacity to significantly increase production with additional staff. The business does no advertising or sales promotion.
Support & Training:
The Seller will provide up to 80 hours of training and transitional services immediately following the transfer.
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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Michael F. Coyle, CBI, CExP

Business Listed By:
CenterPoint Business Advisors

CenterPoint Business Advisors, Inc.

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