Listing Details:

• Business Category:   Engineering Services
• Price:                                     $325,000
• Gross Revenue:             $768,965
• SDE:                             $136,304
• Seller Financing:         $16,250
• Location:                      Twin Cities Metro Area
• Employees:                  2 Part time
•  FF&E:                           $7,500           
• Support & Training:     2 weeks
• Reason for Selling:     Other Interests   
• Non Compete:              200 miles for 1 year
• Years Owned:                       22
  
  
  

Business Description

Explore a golden business opportunity with seasoned industry experts willing to stay on board for the new owner, making it an ideal venture for an absentee buyer. This business boasts diverse revenue streams, providing technical service, calibration, and rebuilding of Coordinate Measuring Metrology (CMM) machines to original factory specifications. Additionally, it offers a comprehensive range of replacement parts, with even competitors contributing to this growing segment of the business.

Established in 2002, the company exhibits consistent revenue growth, amplified by the successful integration of the parts selling business. A key international customer accounts for over 50% of gross sales, and continues steady year-over-year growth. With a stellar industry reputation, the company receives direct referrals from the main CMM machine manufacturers, underscoring its influence and reliability.

The company is ISO 9001 certified, delivering on-site calibration services, emergency service, repair, and refurbishment for standard coordinate measuring inspection equipment. Furthermore, it excels in the sales of rebuilt standard coordinate measuring equipment and accessories. Embrace the opportunity to acquire a nationally recognized business with a strong foothold in the precision metrology services sector.

Business History

Started by current owners in 2002

Growth Potential

Adding additional technical service staff and dedicated salesperson could lead to immediate growth. The growing replacement parts sales segment of the business could be increased through parts ordering automation on the website, instead of the current manual ordering process.

Number Employees

•   2 Part Time

Owner Weekly Hours

Both owners work a standard, 40 hour work week. There is, however, a fair amount of travel required for service work. Travel can be mitigated by a new owner by retaining the current owners as employees/contractors or by hiring regionally based service technicians.