Business Summary:
This is a well established (26 years) precision manufacturing company that services the medical, aerospace, petroleum, pharmaceutical, automotive, and oceanic industries. The business works with aluminum, stainless steel, hastalog, plastics, and brass. In April 2006, the owner was involved in a serious car accident that left him unable to operate the business on a day to day basis and he is forced to sacrifice this premier company. There is over $200K in just equipment and precision instruments that are all in excellent condition and completely updated. A majority of the customers have been with the company for well over 10 years, some for 26 years, and are loyal and consistent customers. The company uses Vista by Epicor with full MRP and it is fully updated. Due to the owner’s current medical condition, he is turning down jobs on a daily basis - this is a gold mine for the new buyer. This is a fully turn key operation and the Seller will provide 4 weeks of training, on all aspects of the business, for the new buyer.
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| Year
Business was Established: 1981 |
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| Number of Employees:
3FT / 1 PT |
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| Facilities / Terms of Lease:
This is a well established (26 years) precision manufacturing company located in the Totem Lake area of Kirkland in a business park. The facility is 3900 sq ft, with reception area, clerical area, offices, work rooms, inventory room, and warehouse area for the manufacturing. There is over $200,000 in just equipment and precision instruments. All of the equipment is in excellent condition. The software used is completely updated and is Vista by Epicor with a full MRP. The base monthly rent is $3552 plus NNN charges of $1057 per month. The Lease runs till 05/31/2009 with the Landlord willing to offer a qualified Buyer a long term extension. |
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| Potential
Growth/Expansion:
At the beginning of 2007, the business lost one of its main clients, due to the owner's inability to focus on the business, due to his accident. The owner is relatively certain that the customer will come back when there is a new owner who can run the operation. Most of the clientele have been with this company for over 10 years and have a great deal of loyalty to the company. Currently the owner is turning down jobs because he is unable to handle them. This is a gold mine for a new owner. |
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| Competition:
Precision manufacturing is a very specialized niche market and this company is one of the most respected companies in the business. The business is located in a prime location to service its main clientele in the region. |
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| Owner
willing to finance:
Cash or Bank Financing |
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| Owner
willing to train:
The Seller will provide up to 4 weeks of on site training on the day to day operation of the business, operation of the machines and instruments, how to bid projects, and introduction to the customers. |
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| Reason for selling:
A serious car accident in April 2006 has left the Seller unable to run business |
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Seller Reference Number: hfngSeal
BusinessMart.com Listing Number: 31075 |
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