Ohio Specialized Machine Shop - SOLD
Business Description / History / Services / Products / Footprint / Certifications: This business is a very well run, clean, specialized machining facility with an excellent reputation. It was reorganized by its present ownership almost twenty years ago. It is primarily a manufacturer of non-ferrous parts. It machines a wide variety of copper, aluminum, mild steels, stainless steels, and DOM tubing. It is also a broker/machinist of powdered metal parts. It has found a niche market of customers desiring its type of parts in quantities of 1 to 5,000. Its long-term customers are located throughout the country and are manufacturers of oil productions equipment, pumps, compressors, hydraulic cylinders, construction equipment, agricultural equipment, and industrial equipment. Products utilizing non-ferrous parts include winches, hoists, blocks, gear pumps, industrial cylinders, drive units, seeders, sprayers, trowels, axles, and connecting rods.
Financial Performance: Annual Revenues are typically around $3M. 2018 sales are anticipated to exceed $3.2M. Recasted EBITDA for 2018 will exceed $500,000.
Why a Great Opportunity – Major Attributes:
- Well established business with a long-term customer base
- Machinery/Equipment Value approaching $500,000
- Great Facility
- Great Reputation
- Specialized Niche Market Space
- Some tweaks should easily increase annual sales
Reason For Selling: Founders desire to retire.
Business: $2M plus Inventory
(Seller retains receivables unless additionally purchased by Buyer)
Facilities: Sell or Lease at agreed Fair Market Value
If you have an interest in further exploring this opportunity, please contact me by phone or email. The signing of a Confidentiality Agreement will be required before the identity or Selling Memorandum will be released.