BUSINESS OVERVIEW

This machine shop is an ISO9000 and AS9100 offering high quality contract, general and precision machining and tooling work for the aerospace and the government. Their niche is engine component parts. The company is located in Northeast Ohio.

The company has comprised a state-of-art machinery base to provide quality parts to its customers. The majority of the machines are CNC turning and CNC milling machines. For certain unique applications, they still operate some conventional turning and milling machines.

They are specialist in machining specialty/exotic materials such as Titanium, Inconel, Hastelloy, L605, stainless steel as well as traditional materials.

FINANCIAL INFORMATION

FIve Year Backlog

The above information is based upon all current contracts. The above sales do not take into consideration any future work. He has just received a five year contract which has a minimum of $2,800,000 and a maximum of $16,000,000 per year. The above numbers are only showing the minimum of $2,800,000 for years 1 thru 5.

Previous Three Years

They have a backlog of over $4M

They also are very close on another very large order.

REASON FOR SALE

The owner is getting close to retiring and would consider selling full or partial ownership of the business. The company's staff of competent employees and base of loyal customers will provide the foundation for a smooth transition in developing a strategic plan for growth by the new owner.

PRICE

The owner is asking $6,500,000 plus an earn-out on the 5 year contract.