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Mfg of Precision-Machined Parts and Sub-Assemblies

IA

Mfg of Precision-Machined Parts and Sub-Assemblies
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Asking Price: $9,100,000

Cash Flow: $2,107,247

Gross Revenue: $6,000,384

EBITDA: N/A

FF&E: $3,700,000

Inventory: $47,500

Real Estate: $1,120,000*

Established: 2005

*not included in asking price.

Mfg of Precision-Machined Parts and Sub-Assemblies

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Business Description

Recast Net Income for 2018 is $2,107,247 on Revenue of $6,000,384

Description: The owners started this business thirteen years ago. This Iowa based
company is highly profitable with excellent margins. The precision
machined parts and sub-assemblies are manufactured for companies
located in multiple of states. The company occupies a 24,000 square
foot facility with space for continue growth. The company has
management in place with highly trained employees. The owners will stay
on for a smooth transition.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
24,000
Employees:
18
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Significant growth has necessitated the business in going from a 2,500 square foot rented building to an owned, state-of-the-art 24,000 square foot building with the latest CNC equipment and robotics.
Growth & Expansion:
Expansion plans might include: • Expand the current customer base. • Add another employee shift. • Enlarge facility, purchase more equipment and hire additional employees to meet demands.
Support & Training:
It is believed that all production employees with stay with the new owner. Senior management will stay for a smooth transition and could stay with an acceptable employment contract from 2 to 5 years.
Reason for Selling:
Prepare for retirement
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Al Lorenzen

Business Listed By:
Al Lorenzen

The Business Brokers, Inc.

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