Custom CNC Machine Shop/Manufacturer
Custom CNC Machine Shop/Manufacturer
Price: $570,000
Location: Newmarket
Listing ID: 20221027
Listing Status: Sold
Custom CNC Machine shop providing CNC Milling and Turning and manufacturing of Custom
machine parts, Replacement parts, Sprockets, Pulleys, Shafts and Gears.
The company runs large production orders required over time and small rush orders for quick delivery in cases of customer breakdowns.
The company has customers in various industries including Construction, Tunneling, Electrical,
Material Handling and Packaging and manufactures a wide range of parts for all of them, using diverse materials such as copper, steel, stainless steel, aluminum, brass and bronzes, and plastics, in quantities
from 1 piece to hundreds of pieces.
Total Sales: $780,000
Cash Flow: $185,000
FFE Included: Yes
Reason For Sale:
Owners are retiring.
Training & Support:
Owners will provide training and transition to a new owner. Time period to be arranged.
Year Established: Family business since 1971. Present owners since 2005.
Owner Hours Per Week: Monday to Friday, 8am - 4:30pm.
Employees: 3 plus 2 owners
Monthly Rent: $5,640
Type of Location: The building consists of 5740 sq. ft. premises, on a busy street with many commercial businesses and close to Highway 404.
Square Footage: 5740
Facilities Information:
There are shops and 2 offices on the main floor and another office and storage area on the mezzanine.
Historical Summary:
The company has been a family business since 1971, when present owners’ father purchased it, and was taken over by current owners in 2005 and moved from Aurora to Newmarket. The company owns a variety of machines and has established a reputation for reliability and rapid turnaround production and supply.
Competition:
There are similar businesses in the neighbourhood which are mostly small Tool & Die operations which this company has avoided.
Potential Growth:
A targeted Marketing initiative could create further opportunities for this company and establishing a focused outside sales team could result in further overall productivity.
The table saw accessory sales could be expanded to more distributors across North America.