Walk into a business with $1.66 million in assets!
This opportunity is a leading CNC machine shop with systems and processes in place to successfully handle orders from a diversified customer base who have been with the business for 20+ years.
The company is a Swiss-Type lathe machine shop that produces proprietary metal products for a variety of customers in industries ranging from firearms, medical devices, solenoids, and engineering controls. The company maintains consistent quality standards and is ISO 9001:2015 certified.
With a refined process and dedicated employees, few job shops manufacture the pins and other products that this company specializes in. The company features proprietary programs and tooling for all their repeat orders, making up 85% of revenue. Based in a 11,000-square foot, leased facility, this incredible opportunity features 17 4-9 axis sliding headstock lathes, all with automatic bar loaders and 5 Escomatic coil fed machines.
Founded over 35 years ago, this business remains under the same ownership. The current owner desires to sell the business to begin his transition into retirement and is looking for a new owner with enthusiasm and some level of machine shop expertise to further grow the business. The owner is willing to provide reasonable and customary transition assistance to a new owner and is open to continuing to offer additional support on a consulting basis following the training period.
Please note that a few non-financial figures in this ad have been modified slightly to maintain the seller’s confidentiality. To learn more about this CNC machine shop business for sale, buyers must demonstrate financial capability and industry experience via brief initial interview and signing of non-disclosure agreement. If you don’t receive an email following up on your inquiry within 24 hours of submitting your NDA, contact email@example.com for assistance.
Location: New Haven County, CT
Inventory: Included in asking price
Real Estate: Leased
Building SF: 11,000
Lease Expiration: N/A
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: 17 4-9 axis sliding headstock lathes, all with automatic bar loaders, 5 Escomatic coil fed machines, and shop support and ancillary items included in asking price. Equipment value based on AMEA appraisal conducted December 2022.
Competition: While competition does exist, almost all of the revenue into the company comes as a result of repeat work with sticky customers who have been with the business for 20+ years.
Growth & Expansion: Upsell additional product offerings to existing customers, expand customer base, grow geographic reach, and further professionalize labor force. The business also has a small proprietary product line that can be expanded.
Support and Training: Ownership willing to provide reasonable and customary assistance during the transition period.
Reason for selling: Current owner is looking to transition into retirement.