Cutting Tool Manufacturer & Machining - NW Ohio
Business Description / History / Services / Products
This little money-making machining company commenced pre 2000 originally manufacturing jigs, fixtures, wear parts, tool holders, and prototypes, which it continues to do, but it eventually grew to specialize in manufacturing high quality speed steel, carbide tipped and solid carbide tooling (cutting tool products). It also resharpens all of its manufactured tools for its customers.
Financial Performance
* Around $ ¾ M in annual revenues
* Seller Discretionary Earnings around $ ¼ M
Why a Great Opportunity – Major Attributes
* Outstanding Products and Service with a great reputation
* Qualified turnkey staff and production equipment/machinery
* Tremendous facility with room for growth
* Great Growth Opportunity – Currently very minimal marketing
* Long standing customers
Reason For Selling: Retirement
Asking Prices:
Business: $700,000 + Inventory
Real Estate: $525,000