This opportunity is presently under exclusive LOI and therefore cannot be discussed. Please enter your information below and we will contact you should the opportunity become available in the future.
Operating in West Michigan for over 20 years, this Company has emerged as a leader in the machining and cutting of a specific metal type that sets it apart from most competitors. Additionally, the Company provides its customers with a broad set of capabilities including fixture building, CNC prototyping, mig/tig welding, as well as other value-added services.
The Company has enjoyed consistent growth and high profitability year after year. This has not come at the expense of under-investment. Both facility and equipment owned by the Company are meticulously maintained and reinvested in. This has put the Company in a good position to grow substantially without any need for short term investment in new equipment or facilities.
The owner is pursuing a sale to transition into retirement.
Real estate is owned by a related entity and is available for sale or lease.
- The Company maintains an effective shop rate of over $100 per hour.
Financial Overview*
2016 Revenue: $4,027,890
All figures taken from 2016 Tax Return.*
Investment Highlights
Operational Functions Not Reliant on Owner – The days of the owner running the machines on the production floor are long gone. He has been effective in hiring competent managers to oversee the Company’s manufacturing operations, so he can focus on administrative functions. The Company operates under well-defined roles, procedures and systems.
Capacity for Growth – Currently, the Company is only running one shift and has space in its facility in which to grow. It is estimated that the Company could more than double its throughput without needing more room or investment in equipment.
- The Company operates under well-defined roles, procedures and systems.
Growth Opportunities
Expansion Into New Industries – There is high-volume work to be had in both the RV, automotive and furniture industries. The Company does not currently focus on these industries which are all prevalent in the region.
Lathe Work – The Company has recently invested in a new lathe due to demand from current customers. The owner believes solid sales growth can come from expanding lathe services for high production jobs.
More Effective Sales and Marketing – The Company does very limited sales and marketing. Recently, the owner has become more active reaching out to manufacturers in the area and making cold calls, which have yielded some promising results. Formalizing and modernizing the business development and sales processes would undoubtedly benefit the Company.
The BEST way to receive confidential information about this opportunity is to fill out the form below.
Upon doing so you will receive a link via email to review and sign our confidentiality agreement. Once signed we will be able to further the conversation and send you the confidential Offering Documents. Please contact us at info@caldergr.com with any questions. Interested parties must demonstrate proof of financial capability, sign a Non-Disclosure Agreement, and answer a few brief questions. Inquire today about this highly profitable West Michigan machining business for sale!
