Portage County Machine Shop With Fabrication

Business Overview:

Explore the opportunity to acquire a well-established business, a machine shop with fabricating services. Founded in 1978, this company machines and fabricates proprietary, build to specification and production metal working throughout Northeast Ohio and Nationwide. Although Northeast Ohio is the core focus for customers, the company’s proprietary products are highly sought after throughout the United States. The operations are anchored by core values of quality, on-time delivery, and customer satisfaction, consistently earning the company a strong reputation. A strategic advantage lies in the business's diversified product offering and variety of services. This allows the firm to cater to any customer’s needs. With eight machining centers, two turning center and four EDM machines they are well position to address any machining needs. Fabrication boasts a 12’ brake press, multiple roller machines, plasma cutter, MIG and TIG welder as well as spot welding capabilities. Financial stability is a hallmark of this enterprise, with a reported revenue of $1,200,000 in 2022, $1,300,000 in 2023 and a projected $1,550,000 for 2024. The Seller Discretionary Earnings (SDE) Adjusted EBITA reflects the business's financial health, standing at $197,000 in 2022, $212,500 for 2023 and an anticipated rise to $300,000 in 2024. For potential buyers, this represents a lucrative opportunity to enter or expand within the metal products market with a solid financial base to support them.

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Reason for Selling:

Retirement

Additional Details:

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