EXECUTIVE SUMMARY
BUSINESS: This is a Manufacturing Company located in central Minnesota. It was established three decades ago and has approximately 95% recurring customers. Services include CNC and manual machining, reverse engineering parts from samples, and machining stainless steel, titanium, plastics, aluminum, and CRS steel. They use the software available: Solidworks and Bobcad.
Equipment includes a Haas VF5XT CNC Milling 30”x60” X, Y travel 31-station tool changer, 2 ea. Haas VF2 CNC Milling 16”x30” X,Y travel 20-station tool changer, Haas CNC Lathe with bar feed, COSEN computerized automatic bandsaw cut-off saw, etc.
FACILITIES: A 7,500 sq. ft. building with an additional 2,600 sq. ft. unheated storage buildings. The seller paid himself $18,000 in rent per year.
EMPLOYEES: The business has a staff of one long-term full-time lead machinist (who runs the shop during the owner’s absence) and one part-time employee, with the owner working full-time as a machinist and maintaining the equipment.
REVENUE: Revenue in 2023 was $491,902, 2022 was $616,927, and 2021 was $593,333, with a weighted cash flow of approximately. $194,822
ASKING PRICE: The asking price for the business is $435,000. Furniture, fixtures, and equipment (valued at approximately $190,000) are included in the price. The long-term Client List, Website, Goodwill, Business Name, and Inventory, which is valued at $3,000 (at cost), are also included. The buildings are for sale as well, and the asking price is $430,000.
REASON FOR SALE: Retirement. He will provide the necessary training to ensure a smooth transition.
Important Notice: the above information has been provided by the Seller. Neither The 20/20 Group, Inc. (dba Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness. 8677 & 8678 b.k.
