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Businesses For Sale > Business For Sale in Oakland County, Michigan (MI)
Established Precision Machining Business for sale in Oakland County, MI
Oakland County, Michigan (MI)
| Asking Price: |
Gross: |
Cash Flow: |
| $ 1,060,000 |
$ 2,309,184 |
$ 290,691 |
Furniture and Fixtures Value:
$ 882,825 (included in the asking price)
Inventory Value:
$ 136,325 (included in the asking price)
Real Estate:
$ 2,200,000 (not included in the asking price)
Business Summary:
***Special Note: In a victory for small business buyers, the recent $900BB stimulus bill directs the SBA to pay the first 6 months of new SBA 7(a) loans approved between February 1 and September 30, 2021 (up to $9,000/month). Our advice: Don't wait. Find a quality business and get moving quickly. Banks will be busy this year and buyers that wait until July/August will likely lose out.
This Company is a manufacturer of quality precision machined parts. They are a full-service machining facility that primarily focuses on CNC machining, OD grinding, and surface grinding. The Company provides full-service capabilities from prototypes, testing, and medium to large production runs. This versatile Company is a proven supplier of precision machined parts servicing a plethora of industries including automotive, defense, appliance, dairy, medical, dental, and various OEMs (non-automotive and automotive-related). Most of the Company’s customers are local; however, the Company does service customers across the country.
The current owner started the Company in 1976 and grew it from a small one-lathe operation with a single customer to a national supplier of precision, close tolerance parts in a wide variety of materials such as aluminum alloys, copper and brass, stainless steel (food grade), hot and cold rolled steels, titanium, ferritic, inconel, and all exotic materials.
The Company has a large and diverse equipment base that supports an array of services. Its equipment base consists of over 50 machinery assets that combine for a Total Fair Market Value of nearly $900K. The industrial facility measures approximately 33,630 square feet in size and sits on 3.57 acres. This fantastic piece of real estate is valued at $2.22M, and the owner would like to sell the property and Business to a prospective buyer. This presents a unique opportunity for both an individual buyer looking to enter the industry or a strategic buyer wanting to add a substantial piece of real estate and a diverse equipment base to their current operation.
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!
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| Year
Business was Established: 1976 |
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| Number of Employees:
16 |
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| Facilities / Terms of Lease:
The owner owns the property and 33,630 square foot industrial facility through a related real estate holding company with a partner. The property and building are included in the sale. The facility has one exterior truck well, one grade-level door, 45 parking spaces, and 1,800 amps of power. The building has undergone many refurbishments over the last five years, with the installation of three rooftop HVAC units, new LED lighting fixtures installed throughout the entire facility, and landscaping improvements. The office was also recarpeted and repainted at the same time. |
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| Potential
Growth/Expansion:
Growth Opportunities Include:
(1) Add a Salesforce and Marketing Strategy: Adding a salesforce could allow the Company to proactively acquire new customers while competitors shut down, as well as have a team built around maintaining a strong relationship with existing customers. Retaining existing customers is significantly cheaper than developing new long-term relationships and is something the Company can capitalize on while gaining market share. In addition, the Company’s website was last updated in 2010. By updating the website, the Company’s website traffic may increase, likely resulting in added business. Also, the Company has room to grow in marketing to existing customers, as they currently solely keep in touch by sending bulk emails to customers.
(2) Develop Outsourcing Partnerships with Machine Shops: Some of the Company’s projects that are not as profitable, or are not the Company’s specialty, can be outsourced. By doing so, the Company can gain many benefits that will help increase their business while decreasing operating costs.
(3) Utilize Open Capacity: The Company is currently utilizing 50% of its facility and equipment. By increasing the Company’s usage of the facility and equipment, they will be able to fulfill the uptick in activity and the expected greater market share that will coincide with the previously stated growth opportunities once put into practice. One way to fill the Company’s capacity is to implement a second shift. |
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| Owner
willing to finance:
Limited Seller-Financing Available for Qualified Buyers. |
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| Owner
willing to train:
Ownership is willing to provide reasonable and customary transition assistance. |
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| Reason for selling:
The owner would like to retire. |
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Seller Reference Number: 092
BusinessMart.com Listing Number: 261153 |
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To request more information
on this business
please fill out the form shown right 
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For
more info contact:
Matt Baas
Small Business Deal Advisors, LLC
844.889.7232
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