Machine Shop - EDM & CNC Machining
The 30 year old company is a contract machine shop specializing in the machining of exotic materials for the oil & gas industry (95%) and some aerospace industries. The Company offers deep knowledge of down hole tools and are able to provide consultative inspections, research and development machining, turn-key manufacturing using CNC, EDM, welding, and specialized drill & hone equipment with precision and tight tolerances.
Services include laser welding, surface treatments, heat treating, EDM machining, and CNC mill & lathe machining. The Company also offers repair service that include re-sleeve bearings, refurbish bore and shaft diameters. Repair services account for approximately 10% of total revenue. They also do design work and manufacture prototype parts.
The price includes the business and all of the machinery & equipment, vehicles, inventory, and supplies at $4,900,000, plus plus $2,170,000 AR - AP, and real estate appraised at $3,630,000.
There are 65 employees, including machinist, technicians, office staff, sales staff, and operations manager who will stay with the business. The retiring owner will stay for a reasonable transition period.
This business has good financial records and now enjoys substantial growth in sales and profits.
EDM, CNC, and specialized drill & hone equipment.
Raw material at $400,000 included in the selling price.
There are two facilities. One property consists of 29,194 sq. ft. in 10 buildings located on 9.66 acres and the other property consists of an 8,288 sq. ft. building on 0.925 acres.
See Description herein
Rent and lease terms:
Real Estate is included in the sales price.
Northwest Houston Area
Price and terms
Seller is willing to provide some seller financing for a qualified buyer
Seller will negotiate a transition period