Michigan Based Tooling & Machining Company
For Sale
Sale Pending
Business Summary
This is a highly profitable tooling company in Michigan with over $7 million in annual revenue and 45 employees. The company offers various services, including milling, turning, grinding, wire EDM, CNC programming, reverse engineering, CMM inspection, and material certification. The company is ISO 9001 certified and has a strong reputation for quality and customer service. The company is also well positioned for growth, with excess capacity and a substantial backlog of orders.
Key Investment Highlights:
2022 Revenue: $7,150,000/ 2023 Annualized Revenue $7,517,739
2022 SDE: $1,042,000/ 2023 Annualized Revenue SDE $1,643,435
Employees: 45 full-time plus the owner
Real Estate: 48,591 Square Feet- option to lease or buy.
- Highly profitable operation with a strong history of earnings
- Turn-key opportunity with a strong leadership team
- Highly skilled long-term labor/management team
- Strong reputation for quality, timely delivery, continuous improvement, and excellent customer service
- Continuous purchases and upgrades to tooling, machining, and equipment
- Key relationships with suppliers
- Strong backlog with solid financially top tier clients
Key Growth Opportunities:
- Seek additional work with the existing client base
- Build on acquisition opportunities to expand and grow the footprint of the business model through bolt-on acquisitions
- Utilize excess capacities with machinery and equipment that is currently not used
- Add a second and possibly a third shift for expanded capacity
- Attain HUB ZONE certification for government contracts
- Increase marketing, including the addition of a full-time sale force or independent sales representatives and targeted marketing for highly profitable jobs
- Capitalize on local economic growth and current long-term client base
Support & Training: The owner is willing to assist with the transition.
Reason for Selling: Retirement
Overall, this is a very attractive business opportunity for an investor looking to acquire a profitable tooling company with a strong track record and growth potential.