Very Profitable Machine Tool Remanufacturer in Michigan

Lapeer County, MI

Seller Financing Available
Very Profitable Machine Tool Remanufacturer in Michigan
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Asking Price: Get Financing: $2,200,000

Cash Flow: $786,763

Gross Revenue: $4,150,532

EBITDA: $444,751

FF&E: $75,000

Inventory: $85,000

Real Estate: $777,000*

Established: 1983

*not included in asking price.

Very Profitable Machine Tool Remanufacturer in Michigan

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Business Description

Well established business with strong cash flow

This business specializes in the rebuild, remanufacture and repair of metal working machine systems. The business regularly secures contracts for work with recurring customers including the United States Departments of Defense and Energy which have generated substantial profit margins through the years. The business sets itself apart from competitors by operating as the sole worldwide service department for LeBlond Machine Tool Company which has existed for over 100 years as one of the largest machine tool builders in the world. Included with the sale of the business is a list of all machines and owners of LeBlond equipment, exceeding 20,000 in number, which will allow a new owner to continue to exclusively service these machines. A highly skilled staff of electricians, mechanics and support specialists are in place that would stay on with a new owner which would provide for an efficient transition. The company is located in a 25,000 square foot facility, tailored specifically to the business’s operations, which the owner is also interested in selling separately. The owner is willing to provide financing on a portion of the purchase price conditional upon review of the buyer’s financial standing. For more information, please contact Jeff Sak of Transworld Business Advisors of Metro Detroit at (248) 321-3329 or jsak@tworld.com.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
25,000
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business was founded in 1983 and has established a vast customer list that includes several large conglomerates. In preparation for retirement, the current owner has now positioned operations for a smooth transition to a new owner.
Competition:
This business differentiates itself by providing remanufacture, retool and retrofit services in addition to repair and control upgrades that other companies are limited to. The ability to provide services to the United States government on a recurring basis also presents the business with a significant advantage over its competitors. The business’s exclusive rights to perform all service, repairs and rebuilds on the LeBlond service line provides an immense benefit to the company’s operations going forward.
Growth & Expansion:
Growth can be expected through the continued servicing of the existing customer base. The company currently is based on repeat and referral business so an increased marketing initiative would certainly increase profitability as well.
Support & Training:
4 weeks
Reason for Selling:
retiring
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(from currently available funds)
 
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Jeffrey Sak

Business Listed By:
Jeffrey Sak

Transworld Business Advisors of Metro Detroit

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