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Machinery Manufacturer

Cincinnati, OH (Hamilton County)

Machinery Manufacturer
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Asking Price: $1,400,000

Cash Flow: $404,000

Gross Revenue: $2,338,000

EBITDA: N/A

FF&E: $350,000

Inventory: $150,000*

Established: 1940

*not included in asking price.

Machinery Manufacturer

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Business Description

BUSINESS FOR SALE M-2625s

MACHINERY MANUFACTURER - GREATER CINCINNATI

This decades old company designs and builds equipment that serves the beverage, household product, automotive aftermarket, contract packaging, food, and blow molding industries. The company ships both domestically and internationally. The company also does “job shop” work for local companies, which accounts for 20% to 30% of revenues - depending on the company’s workload and the job shop customers’ schedules.

The company has a number of “standard designs” which they tailor to meet their customer’s requirements and also integrate into turnkey solutions. The company prides itself in its ability to engineer changes and develop innovative solutions to meet their clients’ unique applications. The company employs four engineers, with an accumulated tenure of over 45 years, and performs all of their development work utilizing 3D software. The company manufactures the majority of their components within their in-house CNC machine shop.

After two years of heavy R&D and prototyping, the company has developed a new line of equipment that meets the needs and budgets of its customers like no other product on the market. In the first three months of the current fiscal year the company shipped $633,900 in equipment, and has a solid backlog of over $870,000.

Current fiscal year (ending July 31, 2020) is anticipated to exceed 2019’s performance. FYE 2020 will likely be the highest machinery sales in the company’s history.

REASON FOR SALE: The company’s owner has reached retirement age is ready to retire and transition his company to a new owner.

PURCHASE PRICE: The business is being offered as an asset sale for $1,400,000 free and clear of debt and liability.

Detailed Information

Location:
Cincinnati, OH
Inventory:
Not included in asking price
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
17,000 sq. ft. can be leased or purchased
Competition:
Limited competition
Growth & Expansion:
Recently introduced a new packaging equipment line generating good growth.
Support & Training:
As needed. The company has 4 engineers on staff.
Reason for Selling:
Retirement
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Business Listed By:
Wayne Corney

Keate Partners, Ltd.

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