Description About This Posting: Aerospace And Defense Manufacturer
This business has a small physical footprint and a large profit margin. An established vendor in the worldwide aerospace/defense industry, the company provides niche products that include electro-mechanical test stations and control panels and custom machined/fabricated metal components used in customer subassemblies. Long term customers are comprised of Prime Contractors, Large Subcontractors and Government direct.
The current contract backlog is in excess of $200K
Long time customers depend on the ability of this company to meet mil-spec requirements and critical delivery timelines. A large percentage of the company's revenue is not subject to competitive bid contract requirements and is awarded via unsolicited, recurring purchase orders with confirmation of pricing and delivery.
The company is located in a freeway convenient, light duty industrial park, occupying 2,562 square feet at a monthly lease rate of $2,650.00. The current lease expires September 1, 2020 and is renewable for two years. The lease is NNN and is not subject to any additional CAM charges.
Equipment included in the sale price includes:
*Ganesh CNC milling machine VFM-1818
*Okada CNC milling machine VM460
*Hitachi Seiki CNC lathe 3NE-300
*Ganesh CNC milling machine ALS-6SB
*Bridgeport manual milling machine
*Hardinge Precision manual turning machine HCT
*Sheldon manual turning machine EXL56B
*Two (2) Miller arc welding machines
*One (1) forklift
*Miscellaneous test, calibration and measurement devices
The company maintains a non-price extended list of inventory comprised of finished goods and raw materials. It is estimated that inventory value is $40,000 to $65,000. Inventory in excess of this range at time of closing will be included in the sale price. Seller represents that this inventory will not be less than $40,000.
The business employs three. The lead machinist has been with the company 14 years. The employees will all be willing to stay on after the sale. One of these three employees, the owner's wife, performs shipping and receiving and light QC work and would have to be replaced.
The ideal buyer profile for this business would have a solid background in and understanding of electrical and mechanical engineering. Of the two, electrical engineering competence is the most important as the current owner oversees or performs the majority of the electrical engineering and assembly work. Additionally, an understanding of mil-spec standards and A&D procurement processes would be a plus.
The business is relocatable and would be ideal for a strategic buyer or PEG with an A&D platform that could leverage profitability by moving the revenue and gross margin into an existing facility.
The owner is selling to retire. He will provide 3 weeks of training at 20 hours per week after the close of escrow. Additional compensated consulting services beyond this period are negotiable.
To get more information about this Aerospace And Defense Manufacturer business for sale in
Los Angeles County please phone Edward Anderson (Intermediary, Agent - BRE License #:02071556) at 714-315-2640 and 714-315-2640 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #259318 on BizBen.com. In addition to phoning
Edward Anderson, make sure you email Edward Anderson above to get more info about this
Aerospace And Defense Manufacturer, to ask any questions or request an appointment to see this
business for sale. Thank you.
Related Links And Information Regarding This Posting
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