Annual Revenue: $1,800,000
Net Cash Flow: $390,000
Location: Central, Connecticut
First time offered for sale – after over 20 years of business the seller is ready to retire. This company is family-owned and a very profitable niche specialty manufacturer for High Precision, Close Tolerance Parts – Stainless and Alloy Steel based, specializing in CNC turning and milling.
Projected revenue for 2023 is estimated to be $2,000,000 with SDE estimated at $350,000.
The company has an ISO 9000 Compliance/Certification in place. Due to retirement, the owner has not completed it. ISO 9000 Compliance would increase revenue by at least 20% from the existing customer base. The business operates out of an owner-occupied facility of 8,000 SQFT. The floor space has 25% additional space that could be committed to production space/expansion. This operation can continue out of the existing space with the capacity to take on more work. The current owner chooses not to pursue this work and is managing the business from a lifestyle perspective.
FFE: $350,000 (Included in Price)
Real Estate: $375,000 (Included in Price)
Reason For Sale:
Square Footage: 8,000