This well-established Company is a provider of a wide array of general machining services. The Company specializes in both prototype and production work for a very long-term and loyal customer base comprised of recognized names primarily in the RV and Aerospace industries.
The Company’s consistent cash flow has funded operations and the purchase of new equipment for 20+ years, allowing the Company to thrive with minimal debt. Stability in high margins and customer relationships should be enticing for a buyer that wishes to become their own boss and earn significantly more than most jobs provide.
The Company benefits from strong customer relationships that drive recurring business. Most of these customers have been with the company since its roots in the 1990s.
The Company operates out of a 9,000 sq. ft. facility with a large room attached to the shop that could easily be used as work space. The entire facility is climate controlled which is advantageous and could very well be used to attract customers in the medical and pharmaceutical industries.
Ownership is nearing retirement age and has therefore decided it is time to transition the business to a new owner.
July 2018 TTM Revenue: $858,000+
July 2018 TTM EBITDA: $208,000+
Financial Stability: The Company has demonstrated financial stability and consistency since it first opened shop in 1995. The Business has a very consistent cash flow with little debt on the balance sheet.
Recurring Customers: The Company benefits from consistent orders by its top customers that regularly keep the shop operating at or near capacity.
Team: The Company benefits from a tenured team that continues to grow and assume additional responsibilities.
Revenue Capacity: The Company has at any given time half of its machines idle. The Company could increase machine utilization and add additional staff. Current ownership estimates that increasing these efforts could result in a 50% or more increase in revenue, even without adding additional equipment. In addition, the Company’s facility maintains a large room connected to the shop that could easily be utilized as work space and allow the Company to serve more customers.
Marketing: The Company does not invest at all in marketing or advertising. The Company does not have a website and has never made a sales call. Investing in these efforts could greatly increase quoting opportunities and awareness of the Company.
Hiring: The Company is currently turning down jobs. While having such strong demand may allow the Company to pick the high-margin opportunities, hiring more machinists would allow the Company to meet more needs and grow its customer base.
Customer Outreach: Ownership believes it would be easy to pursue additional work with a few phone calls.
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