BUSINESS: Manufacturing Company located in the suburbs of the Twin Cities. This company was established by the current owner in 2009. The company provides quality tested driven tool repair. Driven tools supplied from manufactures such as Mazak, Parlec, WTO and Zetti-Mimatic, etc. Services provide in the rebuilding process are shaft reconditioning and sizing, bearing(s) and seal replacement. They also manufacture parts using two of their Doosan Lynx 2100 CNC machines. Daily responsibilities of the owner include sales, purchasing, accounting and involvement with engineering decisions from time to time. This company is perfect for an existing company that is looking to diversify or expand into the CNC business with endless potential.
FACILITIES: 1,500 sq. ft. leased space. Rent is $1,045 plus utilities. The seller feels that this facility could double in sales without increasing the sq. ft. or equipment. Lease expires March 2023 with an option to extend.
EMPLOYEES: The business has a staff of a one long term full-time employee with owner working part-time.
REVENUE: Revenue in 2021 was $184,000, 2020 was $163,100 and 2019 was $191,000.
ASKING PRICE: The asking price for the business is $195,000. Included in the price but not limited to are the furniture, fixtures, and equipment (value of approximately $213,000). Long term Client List, Website, Goodwill, and Business Name, Inventory which is valued at $6,000 (at cost) is included as well.
REASON FOR SALE: Retirement. Seller is in his seventy’s and is tired. He will provide the necessary training to insure a smooth transition.