MergerPlace

Machine Shop--Business is Thriving

Pennsylvania (Dauphin)


  • Asking Price: $500,000
  • Gross Income: $413,242
  • Cash Flow: $149,252
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $300,000
  • Listing ID: #222710
  • Established: 1972
  • Employees: 4 FT / 1 PT

Business Description

The business was started by the current owner's father in 1972 (48 years ago). The current owner got involved in 1982. They machine/manufacture custom parts for a wide variety of commercial accounts. Ultimately, many of the parts end up in a product produced by a Fortune 500 company. The business is thriving and continues to grow. Actually, the business had their best revenue month in April, 2020, which was in the middle of a pandemic. The business did not close because they were providing parts to companies deemed to be essential. Purchase orders continued to pour in during a period of time that was difficult for many other businesses.


Business Details

Primary Business Category: Manufacturing - Machinery
Location: Pennsylvania
County: Dauphin

Company Information

Year Established: 1972
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 4 FT / 1 PT

Financial Information

Asking Price: $500,000
Gross Revenue: $413,242
Cash Flow: $149,252
FF&E: $300,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

The business is being operated in an industrial machine shop that is approximately 3000 square feet and includes offices and a small reception area. The seller owns the building and is open to leasing it to the new owner for a very reasonable rent--$1,400 per month, which includes sewer, mowing, and snow removal.

Growth & expansion opportunities:

For many years this was a father son business and their thoughts were always to make a good living and maintain a comfortable lifestyle. They were selective in the type of work they accepted and the customers they worked with. They never wanted to get too big, but for a new owner there certainly would be an opportunity to grow the business to the level they would desire. The opportunities for additional work are definitely available. The mere addition of a website and some social media presence alone would be an inexpensive way to gain additional exposure in desired business segments.

Competition:

The parts being sold are custom and, as a result, competition is average at best. This company has an excellent reputation regarding quality control and on time delivery since its inception 48 years ago. Therefore, their name and reputation puts them in the drivers seat determining what specific jobs they accept.

Reason for selling:

Retirement--Current owner has worked at the business for 38 years.

Support & Training:

Will train for 4 weeks @ no cost The business produces custom machined parts that are sold to a wide variety of industries such as Electronics, Automotive, Connectors, Entertainment, Home Improvement, Food, Etc. They operate with 3 full-time machinists and an apprentice and a part-time administrative person. Most of the employees have 10 plus years of service with the company and the owner is very happy and pleased with them.

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Business Listed By:

Jack Greenwalt

Murphy Business Brokers