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Wednesday, July 29, 2015

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High Cash Flowing Machine Shop

After 30 successful years, the founder/owner/seller of a high cash flowing machine shop is looking forward to retiring after he sells his business to a new owner/operator.
Located in an attractive 10,000 square foot building (included in the sale) in a desirable community in West Michigan with easy access to major markets, the business regularly records revenues in the $700,000 range. More importantly, seller’s discretionary earnings (SDE) average $200,000 annually with a forecasted 2010 SDE of nearly $250,000. Even in 2009, a significant down year for the industry, this business generated $150,000 of SDE.
Included in the sale of the business is the real estate (current market value of $200,000) and $300,000 of equipment (value in place) which includes six CNC machines. The $895,000 listing price of the business includes the $500,000 of assets, and enterprise value of only 1.6x 2010’s SDE. And for an undercapitalized, but otherwise qualified buyer, the seller will carry a meaningful $200,000 seller note. As part of the purchase price, the seller will stay with the business for a reasonable period to help the buyer with the transition to new ownership.
The business employs 3-5 non union personnel and serves a non automotive, regional base of impressive customers who find their way to this business through positive word-of-mouth. There are no sales reps, and the owner does not reach out to prospective new customers…the business does not even have a website. Clearly, there is lots of growth potential for this single shift operation.
To learn more about this attractive business opportunity, please contact us.


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