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BUSINESS FOR SALE - PROFILE #  40730433

Established Machine Shop
West Suburbs of Chicago

Asking Price: $872,500   Down Payment: $872,500  
Gross Revenue: $732,771   Adj. Cash Flow*: $346,048  
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Executive Summary
In business for over 20 years, this highly profitable machine shop is poised for the next level of growth. This is an excellent opportunity to purchase a truly profitable, self-run, turn-key business with excellent employees, long-term customers, and high growth potential. This is a business that can be run by anyone with general business experience, the ability to manage employees, and a desire to acquire basic knowledge of the industry. The owner will provide training along with effective marketing strategies he has used in the past to grow the business. The company's services include production and maintenance machining, OEM duplication, prototype creation, welding and fabrication, CNC milling and turning, laser cutting, CAD/CAM drawing services, metalwork, honing, polishing, and grinding. The company serves a variety of industries including the chemical, petroleum, plastics, and manufacturing industries. The majority of the company's customers (90%) are recurring and have been doing business with the company for over a decade. 95% of 2017 revenue consisted of repeat sales from the same customers going back at least 10 years. The top 3 customers have been with the company for over 20 years. The company is currently running at very high profitability with an owner that's working only 3-4 hours per week remotely! The owner relocated out of state and since then has been running the business from his home with occasional visits to the facility. With so much time available to a new owner to lead the business and increase sales, tremendous growth can be realized. The owner does not engage in labor to generate revenue. The operations manager runs the day to day operation. All of the work is done by employees including sourcing inventory, quoting jobs, and doing the machining work. The owner handles minor administrative duties and holds weekly phone meetings with management to receive updates on the business. This company's success in retaining long-term customers stems from a philosophy of providing honest, timely service with high quality results. Taking care of their customers and being upfront about pricing and project timelines has led to a loyal and long-term customer following.

Acquisition Highlights

  • Financing Information:  Prequalified for SBA LOAN.
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Inventory: $4,000 Included
Furniture, Fixtures & Equipment:
Real Estate:
    Total Assets Included in Sale: $4,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Hiram Gonzalez
Phone:  (630) 705-3055
Fax:  (630) 491-1592
E-mail:  hgonzalez@midwestvr.com
VR Business Brokers - Oak Brook, IL
2021 Midwest Road
Suite 200
Oak Brook, IL 60523
www.midwestvr.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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