Description of the business for sale
This is a rare opportunity to own a highly profitable machine shop priced at less than two times cash flow. Established in 2004, the business is a manufacturer and assembler of inspection tools. It has grown quickly and grossed over $2.2MM in `06 and `07. Sales in 2008 started strongly with a large backlog. The general manager has a background in marketing and management, while the other partners bring technical skills to the company. In addition, there are eight well-trained and experienced employees. The partners are willing to work for the new owner for up to two years at market salaries, so the transition to a new owner should be smooth and orderly. The company has state of the art equipment including several CNC machines as well as equipment for manufacturing, assembly and testing & inspection. Very little advertising or marketing has been done. A new owner could increase the revenue with a marketing campaign. SBA financing and Owner financing is available for a qualified buyer. A new lease is also available.