Listing Number: 16754-668807
Premier – High Precision Machining Company certified ISO9000 and AS9100D, established in 1977 and located in central California. This operation is a gem. Daily operations are fully managed through a mid-management team that have been with the company for over 20 years.
The company consistently produces excellent profits on higher than traditional margins, due to high efficiency. It sports an equipment inventory of approx. $2,000,000 with $700,00 having been purchased within the last three years. In addition to the typical three, four, and five axis lathes, this company has an inventory of special use options such as Jig Boards and wire cutting EDM machines. The array of capabilities has made it a “go to” shop for the Aerospace, Medical, Military, Commercial, and Electronics industries.
In addition to machining, the company offers assembly to its customers and manages a complete clean room for specialty needs. Its QA array can inspect parts to the .0001” tolerance. All of this within its 16,000 sq ft, fully temperature controlled, facility.
The business maintains up-to-date clean books and records. The owner triages every project and can account for every job’s profitability as compared to original bid. The trained team of machinists consistently exceed expectation and bid margins by over 8%.
The acquisition can be immediately accretive to sales and the bottom line and includes IP, Key technologies, key employees, expanding backlog, and growth opportunities.
- Price: $3,700,000
- Down Payment: $3,700,000
- Sellers Discretionary Earnings: $850,000
- Total Sales: $2,940,000
- Location: Stanislaus County, California
- Inventory: $0
- FF&E: $0
- Reason for Selling: Retiring
- Category: Machine Shop