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Machine Design, Mfg., & Production for Sale in Connecticut

Reference #: 05221573
Location: Connecticut
Price: $225,000
Amount Down: $225,000
Revenues: $350,000
Discretionary Earnings: $75,000
Total Assets: $107,500
Business Description:

Business is a long established machine shop involved in design & manufacturing of machines & machine tools plus the manufacture of parts. Annual sales of the business have been in the $600,000 range over the past few years and between $1.0 and $1.5 million annually at various points over the past 21 years. Current growth is somewhat limited due to the economic recession in 2008 and 2009 .Owners are looking to retire but will stay on to effect a smooth transition. One of the owners may possibly stay on a longer term basis if desired. Company has customer accounts with some large public compananies as well as smaller companies. Company employs a total of eight people including three toolmakers and four in production. Company may be a viable acquisition for another company that needs expertise in turning center and machining center operations.


 


 

 


   

 


     

 


       

 


         

 


           

 


             

 


               

 


                 

 


                   

 


                     

 


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The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business.