This very successful business has a strong regional, national and international reputation for producing high quality custom machined products. The Business was started by the founder/owner 24+ years ago who is now looking to retire. They manufacture custom and stock products for customers who provide asset protection solutions through the use of non-destructive testing (NDT) and inspection services. The Company’s products are used by leading global service providers in the evaluation of the structural integrity and reliability of critical energy, industrial and public infrastructure. Historically, these solutions have been provided on a regular, recurring basis essentially building a recession-proof business.
The Company has a diversified customer base including significant international sales. The equipment is state of the art and has been well maintained and includes a CNC machine, multiple EDM’s and a Wire EDM.
The financial performance of the Company has consistently exceeded industry standards. For the last three years Sales have averaged approximately $ 1.1 million per year with EBITDA of 31% and Discretionary Cash Flow of $405,000 per year.
This Company would make a great add-on for a strategic buyer but also would be an attractive investment for a financial buyer, especially since it has received pre-approval for SBA financing, subject to appropriate buyer qualifications. This pre-approval assumes a 15% down payment from the buyer.
The Business is available to purchase at $ 1,500,000 along with the associated real estate offered at $ 430,000 and inventory estimated to be $ 160,000. The seller requires the sale of the existing real estate along with the sale of the business. The owner is including in the price his training services for up to six months and the remaining key employees are willing to stay on if desired by the buyer.
Inquiries should be directed to:
Scott Mollenkopf, Horizon Brokers & Consultants, (919) 624-9186, scottm183@gmail.com