Profitable 60 year old Machining Business with Real Estate - Business for Sale
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Machining Business with Real Estate in Bay County, MI
MI, US
Added 2 months ago
Machining and Manufacturing
56 years in business
Retiring Owner
A 60-year-old machining business located in Bay County, Michigan, operating from a 14,000 square foot facility on two acres, serving primarily Michigan-based business customers with no customer concentration.
Key Information
Asking
$1.6M
Revenue
$1.5M
Earnings
$251K
Multiple
6.5x
Key Highlights
- Business has operated for 60 years, with the current owner in place for over 30 years.
- Located in Bay County, Michigan, operating from a 14,000 square foot facility on a two-acre plot.
- The company employs seven full-time machinists and one full-time office manager.
- Customer base consists of ten businesses, primarily in Michigan, with additional clients in Ohio, Indiana, and Illinois; no customer concentration.
- Seller is prepared to carry a $245,000 seller note for a qualified buyer.
- Seller will retain cash and accounts receivable at close and retire all liabilities.
Contact Info
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