This turnaround opportunity is a machine shop and manufacturing business that produces a niche specialty product utilized in a wide variety of industries. The Company employs a skilled and loyal workforce that has an average tenure of 10+ years. The employees have the ability to work with limited oversight and have the skills to find a solution for any problem a customer needs to be solved.
With the Company’s engineers, specialized experience, and vast equipment base, the Company can complete over 90% of its work in-house. This allows the Company to provide the highest levels of customer satisfaction with complete control over the quality, timeline, and budget on every project. In addition, the Company offers overnight service for the repair or replacement of critical parts, which has saved its customers thousands of dollars when a broken part halts production.
The Company was founded in the 1980s by the current owner. The Owner desires to transition into retirement. He is willing to stay on for 1-2 years and transition to a consulting role beyond that.
The Company operates out of two facilities. One facility is 24,305 square feet, including approximately 5,500 square feet of office space. This facility is equipped with one 15-ton and two 5-ton cranes, a full fire suppression system, 2 rows of 480V Bus Ducts, and 2 rows of 240V Bus Ducts. This facility is in excellent condition. The second facility is 8,351 square feet and recently received a $700,000 renovation.
Number of Employees: 43 (including Owner)
Year Established: 1985
Real Estate: Owned through the Owner’s real estate holding entity. Ownership is flexible to sell or lease the facilities to the new owner(s).
2021 Annualized Rent: $120,000
Total Building Size: 32,656 total square feet between two facilities. One facility is 24,305 square feet, and the other is 8,351 square feet.
Facilities: The Company operates out of two facilities. One facility is 24,305 square feet, including approximately 5,500 square feet of office space. This facility is equipped with one 15-ton and two 5-ton cranes, a full fire suppression system, 2 rows of 480V Bus Ducts, and 2 rows of 240V Bus Ducts. This facility is in excellent condition. The second facility is 8,351 square feet and recently received a $700,000 renovation.
Support/Training: Ownership is willing to stay on for 1-2 years post-transaction to ensure a smooth transition. Beyond that, Ownership is willing to stay involved in a consulting manner to assist with quoting, training, and giving general business advice.
Reasons for Selling: Ownership would like to retire.
Seller Financing Available: Yes
Seller Note: Limited Seller-Financing Available for Qualified Buyers.
(1) Experienced and Loyal Staff
(2) Longstanding Reputation and Relationships
(3) Low Customer Concentration
(1) Investments in Equipment Base
(2) Implementing a Second Shift
(3) Expanding the Sales Team
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