THE BUSINESS: This is a growing and profitable precision machine shop providing close tolerance manufacturing for OEM companies throughout the region. It has positioned itself as a high quality service oriented machinist that has resulted in ongoing contracts.

WHY BUY?

• Excellent reputation

• Loyal customer base

• Highly skilled & dedicated employees

• ASI 9100 & ISO 9000 Certified.

• Modern, automated equipment.

• Highly profitable

• Successful business model

FACILITIES & EQUIPMENT: The business operates from a 20,000 square foot leasehold space consisting of offices, production and warehouse space. The equipment is a combination of state of the art CNC machinery as well as more traditional machinery.

EMPLOYEES:  The trained staff has over 5 year's average experience. The owner and two other people work in administrative functions and the remainder of the staff is in production and quality control.

COMPETITION:  While there are nineteen competitors in the immediate area. Some shops are more Mom & Pop while a few are larger. This company is small enough to perform customized R & D work as well as providing a source for small to intermediate runs. Regional and national competition also exists.

CUSTOMERS:  The business has developed strong relationships with over twenty companies. These are companies who are seeking precision partners able to provide high quality production and timely deliveries.   Once contracts are awarded, they generally do not shop the contracts as long as the pricing is fair and the service remains high.

FINANCIAL:  The business has built sales to the $2.1 Million level and that is expected to grow with the addition of new computerized equipment and a larger facility.  Margins have remained in a consistent range and profit levels are attractive. Sales this year are forecast at $ 2,300,000, up from $ 1,600,000 in 2006. EBITDO has grown from$ 300,000 at that time to a forecast $ 525,000 this year and pro-forma for a new owner.

SUMMARY PRICE AND TERMS:  This company is well established, profitable and positioned to grow. It has trained and loyal personnel that are the foundation of the business. It has developed a reputation for high quality and exemplary service that has built a solid customer base with ongoing contracts. The addition of new, modem equipment and a larger of facility suggest that growth will continue.  The business maintains both its ASI 9100 and ISO 9000 certifications that make it an attractive outsource supplier for a variety of industries. This business is attractively priced at $2,000,000.