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  • RE:  Precision Tools (Patent) For Critical Mission
  • Contact:  Mark Bernecker

Quick Facts

Asking Price: $699,073
Annual Revenue: $490,602
Net Profit: Not Disclosed
Cash Flow: $301,390
Total Debt: Not Disclosed
FF&E: $500
Real Estate: Not Disclosed
Year Established: 1974
Employees: 1
BBN Listing #: 951110
Broker Reference #: 9525-477194

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Business Overview:

Precision Tools (PATENT) for Critical Mission - Hampton Roads

Established as a family-founded and owned business, this esteemed company stands as a beacon of quality and reliability in the area of military service. Strategically located in the heart of Hampton Roads, a center of Naval activity, the company has secured valuable contracts with the U.S. military, underscoring its significance and trust within the industry. Specializing in portable boring bars and valve repair solutions, they offer products specifically tailored to meet the rigorous demands of the U.S. Navy. Each tool is precision-engineered to stringent government specifications, ensuring superior performance and reliability in naval operations. Proudly American made, their products exemplify the highest standards of craftsmanship and quality. This company boasts a global reach, serving satisfied customers around the world. With a steadfast commitment to excellence and a reputation for unmatched expertise, this company continues to support maintenance and repair needs with unparalleled dedication, making it an invaluable partner to the US military.

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Property Features and Assets:

Monthly Rent:$385.00

Market Competition and Expansion:

Expansion: Massive growth opportunities within contract opportunities for the US Navy and Commercial Vessels.

Competition: It is limited as the company owns patent on the only tools capable to perform technical work.

Reason for Selling:

Retirement

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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