Contact: Farley Gouner At 408-807-2930 Cell , 408-807-2930 Text - Also Email This Contact Below
Asking Price: $7,900,000 Down Payment: Call / Email
Annual SDC: $2,601,890
Annual Gross: $8,016,936
Business Address: None Given City: San Jose Zip: None Given
Attributes: Broker-Broker Coop, Financial Assistance, Training & Support, Real Estate Available, Owner Financing
Sheet Metal Fabrication and Precision Machining Offered at $7,900,000.
As of 06/01/2021 the seller has informed us their largest client will be reducing their average monthly orders from apx. 350M per month to apx. 150M as the assembly part of the client's operation will move to Mexico. Currently the client is at apx. 50% of revenues this will reduce to apx. 25% in June 2021 the client has been with the Seller for +16 years and will continue their relationship for the technical part of their operation. This impact will reduce gross revenues from a current projected run rate of +8.0MM to apx. 6.5MM in the seller's estimation for the 12 months following June 2021. The seller is open to discussions for an earn out as part of the purchase price and will include $150,000 in A/Rs.
They produce precision sheet metal fabrication 75% of revenues and machine parts 25% of revenues exclusively for corporate customers. They pride themselves on creating precision parts of the highest quality possible, combined with a high level of customer service. The company has extensive in-house capabilities for precision sheet metal and machining using state-of-the art CNC and manual equipment. The company employs a well-trained dedicated team of programmers, QCs, operators, machinists and support staff with extensive industry experience.
It also offers its customers turn-key solutions to their manufacturing needs. Industry partners are used to complete certain processes, including laser cutting, punching, welding, precision grinding, and surface finishing. They also offer quality engineering design consultation services. They are customer oriented, providing quick response to request-to-quotes and pride itself by taking on unique challenges that other shops might not be willing to do.
The company is ISO compliant. Seller operates out of two locations one for 20,665 sq. ft. which they own and are willing to entertain offers for the R/E or negotiate a new lease projected @ 310,000 per year including NNN charges the other facility next door is 4,316 sq. ft. with annual lease payments @ 79,440 including NNN charges.
12 Months Ended 12 Months Ended 12 Months Ended 12 Months
9/30/2020 9/30/2019 9/30/2018 9/30/2017
Sales $8,016,936 $15,785,513 $9,296,438 $5,950,199
Cash Flow $2,601,890 $5,320,571 $1,215,689 $1,529,405
Asking price is $7,900,000 the seller is willing to consider an earnout
To get more information about this Sheet Metal Fabrication, Precision Machining Firm business for sale in
San Jose, Santa Clara County please phone Farley Gouner (Broker - BRE License #:01271117) at 408-807-2930 Cell and 408-807-2930 Text - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #265954 on BizBen.com. In addition to phoning
Farley Gouner , make sure you email Farley Gouner above to get more info about this
Sheet Metal Fabrication, Precision Machining Firm, to ask any questions or request an appointment to see this
business for sale. Thank you.