[Sold] Short-run Precision Manufacturing Across Multiple Industries

Description

Short-run Precision Manufacturing Across Multiple Industries

• The company has made a name for itself within the industry due to its capability of taking on projects that many CNC shops simply cannot. This company specializes in short-run precision manufacturing for customers across multiple dynamic industries, including nuclear, automotive, aggregate, carpet, mining, power, and industrial equipment manufacturing.
  
  They have thrived in an industry that has experienced tremendous change over the last 15 years by transitioning away from large-run orders which can be easily and cost-effectively shipped overseas. They now focus on the high-precision parts that most overseas manufacturing operations cannot consistently provide. This approach allows them to maintain a solid, diversified customer list while enjoying higher margins and less wear and tear on their equipment.
  
  The talented pool of machinists pride themselves on their quality of work, on-time delivery, and possess the experience and expertise to complete complex jobs. The quality Haas and Mazak equipment is consistently maintained and well suited for the CNC turning and milling work the company produces.

•  Features: 
  - Solid customer base across several industries
  - Low-volume high-precision manufacturing
  - “Scrap rate” lower than 2% - much lower than industry standard
  - Many industries available for expansion
  - Long standing, well trained employees and management team
  - Excellent opportunity for individual or strategic acquisition
  - Strategically located near major expressways in an industrial corridor
  
  

• Excellent opportunity for an individual or strategic acquirer looking to gain a high-quality team with a strong customer base. The business has been pre-screened for a ten-year SBA lending package. Loan package includes $125,000 in working capital for a buyer with less than $200,000 down payment. The opportunity has been structured to include the sale of both the business and real estate; however, long-term lease options will be entertained.
  
  Confidential Listing. Detailed marketing package including video overview is available upon signing of Non-disclosure Agreement. To learn more, contact Erik Sullivan at MidStreet at (919) 263-2550 or erik@midstreet.com. Real Estate available through MidStreet Realty, Inc.

Real estate

The company operates the business from a 9,600 square foot office/warehouse with easy access to major thoroughfares. Seller is willing to sell the property or provide a long-term lease at current market rate. Real estate offered through MidStreet Realty, Inc.

FURNITURE, FIXTURES, & EQUIPMENT (FF&E)

Included in asking price

GROWTH & EXPANSION

Owners believe the Company is ready to go to the next level under new ownership, benefiting the Company, its employees, and its customers.

FACILITIES

The approximately 8,100 square foot office/warehouse was constructed specifically for this business and is owned by the Seller.in close proximity to the airport and major expressways. The building sits on over 3 acres and has approximately 7,200 square feet dedicated to warehouse area and 900 square feet of office.  Office space includes offices, break room, training & conference room. There is also a 1,620 sq ft covered loading/storage dock area.

COMPETITION

Competition for high-precision machine shops in their niche is limited. Advantages over competitors include reputation, customer service, and industries served.

SUPPORT & TRAINING

Onsite transition support and call/email support will be made available and are included in the purchase price. If desired, one of the current owners is would be willing to remain in the business long-term with a new owner following the sale.

REASON FOR SELLING

After 25+ years, owners want to take a step back from demands ownership.