Established almost forty years ago, this Tool and Die business for sale provide lots of services including Metal Stamping up to six hundred tons, computerized numerical control turning and milling, Welding and Fabrication, Design and Engineering as well as Re-Manufacturing Services for industrial pumps. It operates in a facility that sits on 70,000 square feet with another 30,000 square feet leased space for re-manufacturing.
Overview of this business for sale
The Tool and Die business for sale is a C Corporation. There are several minority partners in key roles with the operations manager being one of them that is willing to stay several more years. At the moment the utilization of the plant is only at approximately thirty-five percent. The majority owner is willing to retire and is mostly an absentee owner who also owns the real property. There is the opportunity to purchase or lease the property for twenty thousand dollars per month.
The company provides services for a large client base. One customer has sales of approximately $3 mln with the next 2 largest customers at approximately $1 mln each. Also, there are approximately ten other customers with revenue of $200,000 to $900,000 and a lot of smaller customers. Now the company offers the following services: Die Builds (eighteen percent), Stamping (thirty-eight percent), Computer numerical controlled machining (eleven percent), Special Machines (seven percent), Industrial Pump rebuilds (twenty-five percent). The plant location is perfect because it is situated not far away from Fortune 500 companies.
The owner is looking for a strategic buyer and is only interested in dealing with those private-equity firms that may already run similar businesses. Principals Only, No Co-Broker and No Buyer Fee Reps – with no exceptions.
