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Well-Established Machine Tooling & Engineering Company for sale in Elkhart County, IN

Elkhart County, Indiana (IN)

Asking Price: Gross: Cash Flow:
$ 1,200,000 $ 2,921,275 $ 300,999

Furniture and Fixtures Value:
$ 2,034,350 (included in the asking price)

Inventory Value:
$ 291,213 (included in the asking price)

Business Summary:
This well-established Business offers a large variety of manufacturing services to its customers including CNC machining of castings, weldments, single-piece parts, prototype parts, gages, and fixtures. Due to its broad service offerings, the Company attracts customers from many different industries including government, aerospace, construction equipment, press and automation, pump manufacturing, automotive, and others. The Company recently landed a Navy project worth $1.56MM. The percentages to be shipped are: 25% this year; 65% in 2021; 10 % in 2022. There is a very high probability this contract will be renewed and even increased because it is related to a new system for the Navy and will be used on all new ships and to retrofit part of the existing fleet. With over 60 years in business, the Company has mastered their work in the market. They are truly dedicated to their customers’ satisfaction and take responsibility for every customized project that they take on. Its dedication to quality is demonstrated by its ISO9001 and AS9100 certifications. The Company’s existing staff, equipment, and facilities could support two times (2x) the current sales. In past years, the Company has taken on large projects from a well-known aerospace customer. The Company can maintain higher, consistent sales and bottom-line performance. The owner, who presently works approximately 25 hours per week remotely, is seeking an innovative and committed buyer to help grow the Company’s sales. The owner is seeking to find the right buyer to sell 100% of the Company so that he can fully retire. He is also open to the idea of selling the real estate and is willing to stay on for 6 to 12 months for a transitional training period with the new owner. This will give the new owner ample time to learn and fully transition into the Business. Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found, please email [email protected] and request a PDF version. Once we receive your NDA and answers to some basic questions the Confidential Information Memorandum (CIM) will be sent to you from the project manager. IF YOU DO NOT RECEIVE A FOLLOW UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL FIRST. If you do not see the email there, please email [email protected] for support. Thank you in advance!

 

   
Year Business was Established: 1952
   
Number of Employees: 24  
   
Facilities / Terms of Lease: The Company owns a 31,000 sq. ft. facility.  
   
Potential Growth/Expansion: Growth Opportunities Include: (1) Metal Fabrication Equipment and Additional High-Tech Equipment: The Company currently purchases its fabrications from suppliers but could benefit from making them in-house. They could also install metal fabrication equipment which would provide vertical integration into the Company’s product line, reduce costs, allow for faster quoting, and obtain more control over the quality and delivery of products. (2) Market Inspection Services as a Separate Business Line: The Company has advanced inspection equipment used regularly in its day-to-day business, this equipment can be used off-site to inspect parts at customer facilities, on a contract inspection basis. (3) Growing the Salesforce and Relationships: The Company currently operates with one outside salesperson. Hiring an additional salesperson and/or sales representation firm with established contacts would increase sales revenues. The owner believes participation in trade shows could help increase exposure to new customers as well. (4) Utilize Additional Shifts: Currently, the Company utilizes a 1st and partial 2nd shift for manufacturing. The 1st and 2nd shifts have machine capacity to hire more machinists, and a 3rd shift could be employed to help manage the backlog of orders the Company is experiencing.  
   
Competition: Investment Highlights Include: (1) Unique Service Offerings and Capabilities: The Company have been successful in each of its service offerings due to their “quality first” mentality, which has been adopted by all employees throughout the Company. The Company offers six unique and value-added machining services: Aerospace Parts, Machined Weldments and Burnouts, Custom Machined Piece Parts, Machined Castings, Prototype Parts, and Fixtures and Gages. (2) Experienced and Versatile Upper Management: The management within this Company can be described as “self-starters” who require little supervision and direction, allowing the owner to provide high-level management while working remotely. The Company’s strength and value derive from the highly skilled workforce, most of the machinist process, setup, and program assigned parts, from print design to finished part. (3) Reputation of Dedication to High Quality: The Company is ISO9001 certified and AS9100 compliant and has long-standing relationships with many of its customers, most of whom feel that their delivery and machining quality are the best in the market. The Company has invested in the newest inspection equipment to comply with customer quality requirements. (4) Established Infrastructure: The Company operates out of a clean, modern, climate-controlled facility. The Company has invested in high-quality machines employing the latest technology for CNC machining, boring, turning, and grinding. (5) Facility Capable of Growth: There is room to expand the current facility if desired.  
   
Owner willing to finance: Limited Seller-Financing Available for Qualified Buyers.  
   
Owner willing to train: Ownership is willing to provide reasonable and customary transition assistance. CEO may be willing to stay on for up to two years post-sale.  
   
Reason for selling: Retirement.  
   
Seller Reference Number: 086
BusinessMart.com Listing Number: 258410
 

 

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Matt Baas

Small Business Deal Advisors, LLC
844.889.7232

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