Machine Shop - EDM & CNC Machining
The Company is a contract machine shop specializing in the machining of exotic materials for a variety of 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 EDM, welding, drill & hone equipment with precision and tight tolerances and varying production size and quantity capabilities with on-time deliveries.
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, assist in prototype design/parts, straighten bent tools, repair multi-supplier machine shop non-conformance incidences. Repair services account for approximately 10% of total revenue.
The price includes the business and all of the operating equipment, 10+ acres of land and 34,482 sq. ft. of buildings, and $1.4 in net liquid assets (accounts receivable less accounts payable), and raw material inventory of $384,000. There are 62 employees and supervisors, including an 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. Sales and profits for 2019 are at a record high.
EDM & CNC machining equipment.
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