This company designs aerospace related parts and also manufactures small quantities of finished parts in its machine shop. The parts tend to be Non Fly Parts, but a fair amount of technical expertise is used in designing and making the parts. The company has some other customers outside of the aerospace industry and there is a lot of extra capacity on their equipment as they only operate on one shift and much of their equipment is not operating on the first shift.
The owner has had this business for over 20 years and is looking to retire so he and his wife can travel. It is important that a buyer have the technical expertise to step into the owner's shoes, but a Buyer would only need to be on site for about half the week. There is a key operations manager in place.
Prior to Covid 19 this business had a 7 figure cash flow on sales which exceeded $2 Million. Once Covid hit, there was a big drop in sales and profits, but the business is on the come back now and sales should exceed $1,500,000 this year with a cash flow of about $750,000.
For the right Buyer, the owner will consider some Seller Financing. There is no formal asking price but it will likely be $3 Million or more. The Seller owns the real estate and is open to selling it or leasing it.
For additional information, contact the listing broker, Bill Law at 704-904-6624 or email email@example.com. Principals only please