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Established in 1953 this is a manufacture-to-order deep draw and hydroformed specialty machine shop for sale. Being in the industry for such a long time this business has built an excellent reputation for reliability and quality. It is capable to work with a broad range of materials, shapes, and sizes. The business offers in-house engineering to design and make all tooling alongside the production team. Mostly the client base covers medical, aerospace, and defense markets.
Property: The business for sale operates from the property of 8525 square feet. It is leased. The lease was renewed in 2020 for the next period of five years. It is a triple-net lease with inflation-adjusted rent annually.
Opportunities: Currently, the work is managed by a staff consisting of seven employees. There is almost a forty percent utilization rate of the shop, so an increase in sales does not demand an increase in equipment or new workers. To improve sales a new owner can invest in marketing including website and Search Engine Optimization. A focused effort to increase capture rate with improved follow-up efforts would also significantly increase workload.
Now, the owner is willing to retire. He is committed to the smooth transition of the business to new ownership and will stay on for four weeks and may be available for more consultation after the transition period.
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