EXECUTIVE SUMMARY

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 by manufacturers such as Mazak, Parlec, WTO, Zetti-Mimatic, etc. Services offered 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 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 this facility could double sales without increasing the sq. ft. or equipment. The lease expires in March 2023, with an option to extend.

EMPLOYEES:                      The business has a staff of one long-term full-time employee, with the owner working part-time.

REVENUE:

ASKING PRICE:                  The asking price for the business is $132,000. 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 valued at $6,000 (at cost) are included as well.

REASON FOR SALE:          Retirement. The seller’s health is deteriorating. He will provide the necessary training to ensure a smooth transition.