Business Summary:
This specialty machining company in business since 1944 does primarily repeat business with manufacturers of capital equipment including plastics, wire cable producers and extruders. With a healthy balance sheet and niche business, this opportunity would be an excellent addition to other specialty machining companies seeking to expand their market, manufacturers looking to increase efficiency and lower costs by acquiring this outfit and doing work internally rather than outsourcing various jobs, as well as existing metal fabricators seeking to expand their business lines and open up new niche business markets through a relatively low-cost acquisition. The sale includes approximately $200,000 in equipment and $10,000 in inventory. The current owner is interested in staying on in a sales, marketing and labor capacity for a negotiable period of time and is willing to be compensated on a consulting basis. Huge potential for a new owner to facilitate rapid growth of sales by taking over operational responsibilities from current owner and freeing him up to focus on existing sales opportunities that are currently unaddressed. Flexible and favorable lease situation would allow for easy relocation or extended term at current facility. Transportable business; particularly attractive to another Connecticut based organization.
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