Precision machine shop looking for new owner to take the business to the next level. For almost 20 years, this company has focused on the manufacture of specialized, custom parts and fittings for high-pressure washing equipment, conveyor parts and equipment components for the oil & gas industry. Committed to providing the highest level of quality products and service, the company has realized steady growth consistently increasing revenue and cash flow on a yearly basis. A local manufacturer, the company has built a solid reputation for quality, integrity and quick delivery turnaround. Unlike many other machine shops, this company is not a job shop . Their primary focus is on the production of custom metal components used by their clients as part of their own daily manufacturing operations. These items could range from various conveyor components, flanges, valves and specific items required for high-pressure pump assemblies.The typical customer includes companies and large scale manufacturers who use these items to supply their own customers with various products and services. Customers place long-term orders for specific parts; however, typical order quantities are small. This is a major competitive advantage for the company as it makes it extremely difficult for their customers to obtain these items elsewhere due to order and shipping restrictions or to produce them in-house because of costly tooling and machinery investment. Cashflow is easy provable exenses (Owners salary, personal truck expense). The rent will be $4800 per month. Cashflow has been adjusted to take this into account. For further information, please complete our Non-disclosure Agreement at http://www.vrbigd.com/nda. Mike Cockroft can be contacted by email at mike@vrbigd.com or by phone at 972-792-0100. “For up-to-the-minute business updates on VRs current, new and pending listings, follow VR at http://www.twitter.com/vrhuntingtonbg.”
Facilities
Centrally located on a major thoroughfare, the company is housed in a 16,000 square foot facility that includes production, office and warehouse space. This property will be leased to the new owner or may be purchased at an additional cost for appraised value.
Competition / Market Pros and Cons
Company has several competitive advantages. 1) they focus on customers looking for custom metal components created to their specifications. 2) Their ability to control labor and fixed costs maximizing efficiency. Typically technicians supervise more than one machine unless an order requires increased supervision. 3) their ability to deliver on short notice which makes it difficult for their clients to obtain these items overseas due to order & shipping restrictions or produce the items themselves due to cost restrictions.
Growth / Expansion Pros and Cons
Areas for potential growth include streamlining current production shifts and expansion of shop production hours to include a 3rd shift. The company has received multiple requests from clients to increase their order levels for components already produced plus new items. This would require the company to invest in additional employees but capital investment would be minimal and machinery production would be maximized. Expansion of production capabilities would provide more ways to increase revenue by expanding and diversifying the client base.
Support/Training
Seller will provide 90 days training.
Reason for Selling
Retirement
Freehold or Leasehold :
Not Disclosed
Seller Financing :
Financing Available
Franchise opportunity :
Not Disclosed
Distressed business or bankruptcy :
Not Disclosed
Contact Person :
Phone :
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