Description of the business for sale
This foundry business has been operating for many years and under the current owner for over 25 years. There is a long history of profitability. The reason for sale is retirement.
Gross Sales are in the $5-6 million range with EBITDA of $0.9-1.3 million and an asking price of $3.3 million. The business is located in California. The company has a strong brand reputation and a very diverse customer mix focused on parts with more stringent requirements and specifications. These customers operate across a broad spectrum of different markets. The Gross sales increased from 2006 to 2007 and remained level in 2008 while most of the competition had declining sales during this timeframe. A new owner can build on this strong platform for future growth. One immediate growth opportunity would be to increase machining capabilities to satisfy the many requests by their customers for finish machined parts. The seller is flexible on establishing a smooth transition plan for a new owner.
For more information, please contact Mike Dunkle at (310) 539-8300.
Support / Training provided by seller
Seller will provide support for a successful transition.
Description of the facilities
22,000 sq. ft.