MergerPlace

Precision Machining Shop w/ RE-N. Texas

Texas


  • Asking Price: $801,000
  • Gross Income: $422,651
  • Cash Flow: $122,517
  • Real Estate: $300,000
  • Inventory: Not Disclosed
  • FF&E: $474,596
  • Listing ID: #201841
  • Established: 2001
  • Employees: 9 FT

Business Description

This is a high quality CNC Machining Shop with an impeccable record of excellence. They provide CNC machined parts for a large number of companies. They also manufacture molds for a wide variety of products. They do work for over 60% of the corporations in their community, but in addition to that, they have solid customer relationships with companies throughout Texas and surrounding states.


Business Details

Primary Business Category: Manufacturing - Machinery
Location: Texas

Company Information

Year Established: 2001
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 9 FT

Financial Information

Asking Price: $801,000
Gross Revenue: $422,651
Cash Flow: $122,517
FF&E: $474,596
Real Estate: $300,000
Seller Financing Available: No

Property Information

Facilities:

Ideally located on a major highway, just north of Mineral Wells, Texas. The facility consists of a 650 sq ft office and an 8000 sq ft machine shop that sit on .955 acres. The Real Estate is being offered for sale, along with the business.

Growth & expansion opportunities:

There is enormous potential for growth. The owner has laid a firm foundation by building a solid reputation, but by his own admission, there is lots of room for growth and improvement. Some examples would include the implementation of e-commerce and a dedication salesperson. Also, with the oil and gas industry coming back to life, they are in a perfect position to reap rewards from that resurgence.

Competition:

Realistically, there is very little direct competition in the space that they have chosen. There are two other machine shops in the area, one slightly larger and the other slightly smaller, but the owner is not aware of ever having lost business to either of these area companies.

Reason for selling:

Owner wishes to retire.

Support & Training:

Will train for 6 weeks @ no cost. Provides high quality CNC machined parts and molds to companies in a wide variety of industries. Previously, they did a disproportionate percentage of their work in the oil and gas industry. However, after the most recent drop in oil prices and the subsequent slump for most oil and gas related companies, this company began vigorously diversifying its customer base. They have carefully cultivated a reputation for high quality in both their products and their customer service.

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Business Listed By:

Rich Giles

Murphy Business Brokers