Business, located in the Dayton, OH region, is a metal turning and CNC manufacturer of fittings and couplings, runs tight tolerance parts and is ISO 9001:2015 certified. The business operates as an independent entity from the owner's primary business. Business has managers and supervisors in place and a highly skilled employee base.
The business is being sold in order for the owner to concentrate on his primary business holdings and realizes this entity will reach its potential under new management.
The business has consistently had revenue in the $1.5M - $2.5M. Revenue volumes vary based on swings in the business of its primary customer. There is approximately 50% available capacity. A buyer who can bring existing customer work to this facility, add a new product line to its existing customer base and/or grow the customer base through a focused marketing and sales effort will make this a very profitable investment.
Due to the customer concentration issue, unevenness of the revenues and profits the owner is offering this business for less than the appraised value of the equipment and real estate: Total price of $885,000, includes $526,750 fair market value of equipment being sold at $285,000 and real estate valued at $925,000 being sold for $600,000.
This is a great opportunity for someone looking for additional capacity, experienced machinists and adding a new product line to existing customers.
Seller Reference #DAYTOOH001-N529
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