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Minnesota Contract Machine Shop For Sale

Minnesota, US
Asking Price:
$9,000,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$4,204,104 (USD)
Cash Flow:
$2,157,167 (USD)

CNC job shop manufacturing for hundreds of customers, batch sizes 10 to 100,000. Quality precision CNC machined parts and services tailored to the customer's applications is this company's specialty. This company enjoys particularly robust profit margins.

Buyers for this business will be highly vetted and must have a minimum of $2 million cash, non-borrowed, available to be considered as a buyer.

Property Information

Premises Details:

Facility is in great condition and is included in asking price.

Business Operation

Expansion Potential:

The machinery is currently ran at about 30% capacity. With increased staffing and marketing efforts revenues could triple for this company without adding additional machinery.

Competition / Market:

The Machine Shop Services industry has remained largely unchanged after posting two years of revenue declines and three years of revenue increases over the five years to 2020. Revenue has decreased marginally at an annualized rate of 0.7% to an estimated $40.2 billion over the past five years. Although nearly all of this industry's downstream markets have expanded over the past five years and are currently operating with improved market conditions, falling metals prices have affected industry revenue. Rising metals prices after 2017 is propelling industry growth. However, a recent decrease in the price of steel of 21.2% in 2020, has cause industry revenue to decline 5.7% in 2020. Another reason why revenue and demand in the industry will reduce is because of the recent outbreak of COVID-19. This will have a negative effect on demand, but IBISWorld expects the industry to recover in 2021.
Over the five years to 2025, operators will devote further resources to satisfy projected growing demand from manufacturers in markets such as automobile manufacturing, commercial aircraft manufacturing and metal forging. Demand from medical device manufacturers is also expected to increase due to a progressively aging US population with a growing need for medical care. This trend will heighten the need for micromachined products. However, steel prices are expected to remain volatile over the five years to 2025. As a result, industry revenue is forecast to grow at an annualized rate of 2.2% to $44.8 billion over the five years to 2025.- IBIS World

Reasons for selling:

Owner wishes to retire.

Trading hours:

Monday-Friday 8am-5pm

Employees:
14 FT / 1 PT
Years established:
15 Years

Other Information

Support & training:

Will train for 52 weeks @ $110,000
No special licenses required to run this business. Materials this business manufacturers include plastic, stainless, brass, aluminum, and copper.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$8,100,000 down/$900,000 over 60 mos. @ 7%/ Other Financing

Furniture / Fixtures value:
$4,300,000 (USD) - included in the asking price
Inventory / Stock value:
$548,903 (USD) - included in the asking price

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