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Successful Screw Machine Manufacturing Co. for sale in Connecticut
Successful Screw Machine Manufacturing Co.
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Successful well established screw machine manufacturing company. 4000 square foot facility operated with below market rents keeping overhead low. Well diversified client base covering several neighboring states with some long time clients. Solid reputation with customers and great quality enables repeat business. Screw machine parts are 100% of the revenue. The company has long term loyal customer base some dating back 20 years mainly due to high quality standards and tolerances. |
Listing Number: 1290
Ken Ernhout - Listing Broker
36 Old Farms Rd, Litchfield, CT 06759
Telephone - (860) 361-6398
E-mail -
kernhout@capitalbbw.com
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| Category |
MANUFACTURING BUSINESSES |
| Sub-Category |
Fabricated Metal Products |
| Asking Price |
$416,000 |
| Gross Sales |
$463,000 |
| Cash Flow |
$119,000 |
| FFE |
$122,000 |
| Inventory |
$10,000 (Inventory NOT Included) |
| Real Estate |
$0 (Real Estate NOT Included) |
| Employees |
5 - Full-Time
1 - Part-Time |
| Facilities |
The business is currently operates from a organized 4000 sq ft manufacturing space and office. |
| Relocatable? |
(Is Not Relocatable) |
| Home Based? |
(Is Not Home Based) |
| Market Notes |
Current market covers areas of Connecticut, New York, New Jersey and Ohio. A large portion of the business is in New York.
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| Growth Notes |
The company has been using one inside sales person to create new business the last 3 years, this move creates 30 to 40% of new business. An outside sales person would be able to bring in new business as the machines are running under capacity. Some machines could be better utilized to take up more capacity currently running at 65% efficiency. |
| Support Training |
Owner is willing to train for a specific period of time depending on buyer’s skills. |
| Year Established |
1989 |
| Financing Terms |
NA |
| Reason for Selling |
Retirement |
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