Midwest Machine Shop and Industrial Design Firm and Owner-Occupied Buildings

Financial Information

  • Asking Price: $1,000,000
  • Gross Revenue: $1,500,000
  • Cash Flow: $260,000
  • Down Payment: 0
  • FF&E (Included): N/A
  • Inventory: N/A
  • Financing: No

Business Location

  • Confidential
  • Ohio
Primary Business Category:

This $1 million offering includes two healthy businesses and their owner-occupied commercial buildings - available together as a package from the same seller or each piece is available individually. While there are synergies between the two companies, both can stand alone on their own. The commercial real estate offerings are attractive investments themselves, priced at a 9.5-cap in a market commanding 10-12 capitalization rates. The offering includes equipment and vehicles valued at $350,000. The seller spends about 50 hours per week, splitting his time between the two businesses responsible for finance and human resources for a talented staff of 10. It would be a great advantage for the buyer to have expertise in engineering and manufacturing management to augment the general managers in place at each business. Both buildings provide a buyer with the ability to expand within, and provide healthy cash flows for an independent real estate-only buyer. Long-term leases are in place or can be put in place for both businesses.

Competition Description

The seller started the industrial design firm in 1976, growing it to approximately $700,000 in annual revenue, with the largest customer representing less than 15 percent of the firm's revenue. The business operates on gross margins above 75 percent, with adjusted cash flow reaching nearly $100,000 in a COVID-challenged year. With every additional industrial designer the firm hires, another $125,000 in revenue and $40,000 could be added to the company's bottom line. The machine shop operation, acquired by the seller out of bankruptcy in 2002, successfully competes against about 10 direct competitors, and is on track to post nearly $800,000 in annual revenue, a 25 percent increase over 2020's COVID-19-depressed results and about 6 percent higher than 2019's normal revenue. The two businesses together require a minimal $25,000 investment in annual capital expenditures - financed through cash flow.

Support / Training Comments

The seller's responsibilities focus on accounting and human resources, and he is willing to provide adequate training and transition to a buyer.

Reason For Sale
  • Home Based: No
  • Year Established: 1976
  • Franchise: No
  • Year Acquired: 1976
  • Willing to Train: Yes
  • Relocatable: Yes
  • Required Licences: n/a

  • Is Property Leased: Yes
  • Real Estate Available: Yes
  • Real Estate Included: Yes
  • Real Estate Value: $482,000
  • Real Estate Asking: $382,000
  • Fulltime Employees: 10
  • Part time Employees: 1
  • Is Management Staying: Yes
  • Distressed: No
  • Monthly Payroll: $38,000
  • Building Size: 4400 sq ft
  • Monthly Rent: $4,945
  • Lease Expires: 01/01/2030

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Business Listed by

Sunbelt Miami Valley

Contact: Doug Bolton
Office Phone: 937-866-4611
Mobile Phone: 513-910-2584
Listing ID: DAYTOOH001-N550

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