$739,000.00
Asking Price
Status: Active
Posting ID: 283377
10/16/23
Description
Iconic 62-year-old Specialty Machine Shop
When a company prospers for over 6 decades within an industry as subject to change as machine shops it must be special. Over the decades, they’ve demonstrated the requisite skills to adapt to new machine technologies, and increasing customer demands for ever greater tolerances and sophistication of customer parts requirements. This multi-generational business ownership has done that and more.
The Company is a well-known and respected industry specialist, known for machining extreme accuracy of dimensions and producing close fits between mating surfaces. They have become one of a select few remaining shops with these unique technical skills. As such, they have built a who’s who of elite customers who have depended on them for many years for precision parts for aerospace, electronics, cutting tools, and the mechanical seal industry. Their special high-tech machinery and skilled operators can achieve a high degree of flatness and surface finish without introducing subsurface damage. Clients who demand very tight tolerances of flatness, parallelism, or finish have depended on this Company for many years.
The company has a long history of full compliance with AS-9100 and ISO9002 along with ITAR registration, thereby making them eligible for high-tech aerospace projects. They service the Aerospace, Electronic, Precision Blade, and Automotive and Medical Industries. Their dependable history of on-time deliveries is a hallmark of their success.
The current owner took the leadership role from his dad, now after many years he wants to retire and find a new home for the business, and for his loyal team of highly skilled employees.
The purchase price includes:
1. Machinery recently appraised at over $272,000 (fair market value)
2. Inventory & work in process of $474,000
3. Net operating profit of $210,000
4. Sales of $2- million
To get more information about this Machine Shop business for sale in Los Angeles County please phone Fred Mercuro (Intermediary, Broker - BRE License #:01915577) at 818-878-1930 and 818-991-5200 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #283377 on BizBen.com. In addition to phoning Fred Mercuro, make sure you email Fred Mercuro above to get more info about this Machine Shop, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01915577. Pacific Business Advisors.
Contact
Details
Asking Price: $739,000.00
Down: Call/Email
Cash Flow: $210,000.00
Revenue: $2,000,000.00
Area: Los Angeles County
City: None Given
Attributes:
My Notes About This Listing
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McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
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If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
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Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
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