Cutting Tool Manufacturer & Machining - NW Ohio

Business Description / History / Services / Products

This little money-making machining company commenced pre 2000 originally manufacturing jigs, fixtures, wear parts, tool holders, and prototypes, which it continues to do, but it eventually grew to specialize in manufacturing high quality speed steel, carbide tipped and solid carbide tooling (cutting tool products). It also resharpens all of its manufactured tools for its customers.

Financial Performance

* Around $ ¾ M in annual revenues

* Seller Discretionary Earnings around $ ¼ M

Why a Great Opportunity – Major Attributes

* Outstanding Products and Service with a great reputation

* Qualified turnkey staff and production equipment/machinery

* Tremendous facility with room for growth

* Great Growth Opportunity – Currently very minimal marketing

* Long standing customers

Reason For Selling: Retirement

Asking Prices:

Business: $700,000 + Inventory

Real Estate: $525,000