Businesses For Sale

Close Tolerance Metal Manufacturing Company

This established precision metal manufacturing company enjoys a reputation for quality products and on-time delivery.

Retention of established clients is extraordinarily good. This firm's base continues to grow with additional divisions of existing customers placing orders and new clients coming on board.

Long term, skilled employees, good systems in place, and well maintained equipment complement the package.

Revenues and earnings are on the rebound from the downturn the U.S. economy experienced in the last few years. In April of 2015 the Owner commented that the company's backlog of orders has doubled since December 2014.

Gross Revenues for the Fiscal Year Ending August 31, 2014 were $1,333,062 with Seller Discretionary Earnings of $207,420.

This company generated $1,436,118 in revenues in their most recent fiscal year (September 1, 2015 through August 31, 2016).

This is a definite increase from the revenues for the twelve calendar months in 2015 which totaled $1,363,421.

Please refer to listing ID: 5750892

Industry:  Manufacturing
Industry Segment:  Metals Components Manufacturing
Geography:  United States > Illinois > Chicago Metro Area
Asking Price:  $825,000
Gross Revenue:  $1,436,118
Gross Revenue Comments:  Most Recent Fiscal Year Ended August 31, 2016
Cash Flow:  $128,487
Value of Inventory:  $59,000 (Included in Asking Price)
Value of Equipment:  $680,465 (Included in Asking Price)
Year Established:  1955
Number of Employees:  12
Mgmt. Training/Support:  The Owners will provide training and transitioning for one month as part of the purchase price and consider working for the new Owner for six to twelve months with a satisfactory employment agreement.
Reason For Selling:  Retirement
Facilities:  The facility offers quality office space combined with a manufacturing plant designed to support both the power requirements and the weight of the equipment. The location affords easy access to multiple major highways, facilitating customer and vendor deliveries. The Owner estimates the company could be relocated within a 25 mile radius of its current site. The current lease could be terminated prior to November 31, 2017 without penalty if a new owner wanted to relocate the company to another facility. If the lease is not terminated prior to November 31, 2017, the existing lease will automatically be extended for another five year term.
Market Outlook/Competition:  Industry reports forecast growth over the next four years for metal manufacturers. This company continues to serve long term, existing customers while adding new firms to its existing customer base. Competition may have decreased somewhat due to the recent recession.
Name:  Linda J. Purcell CBI, Fellow of IBBA
Phone:  847-358-9404


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1020 W. Mallard Dr.
Palatine, IL  60067
TEL    847-358-9404     FAX    847-241-0004
© 2005 Purcell and Associates.
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