This CNC Machining business has been established for 25 years. They have some larger specialized equipment that many shops do not have which allows them to bid on jobs that have much higher than normal profit margins.
There are 4 major customers which account for the majority of their sales and are in various industries including aerospace, pulp & paper, textiles and a few miscellaneous. The owner is at retirement age and is ready to travel with his wife but is willing to do a transition period as a Buyer may require.
This business did not experience much of a down turn during Covid 19 and their sales have been $3 Million plus and should be $4 Million in 2021. In fact, they only have to purchase $100,000 more in materials to produce the next $2.3 Million in backlog of business currently on their books.
There is a 10,000 SF facility which houses their CNC Machining and there is an adjacent building which houses their two plasma cutters and welding area. The Seller has a strong preference to sell the business and real estate together. There is extra capacity on their machines but skilled help is difficult to find in the current work force environment.