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Manufacturing

Niche MFG/Fabrication/Assembly

Morristown, NJ, USA
Updated 195 days ago

Founded in 1977, this long-established and highly profitable contract manufacturer enjoys an excellent reputation for quick turnaround times, competitive prices, ISO 9001:2015 registered quality system and approved supplier status to many major OEMs. The company employs state of the art CNC production capability for precision metal tube bending and custom formed metal tube assembly applications. Additionally, it produces High Voltage Cable Assemblies, Receptacles and Magnetron connectors for power systems. Products are sold to various industry sectors including commercial aviation, military and commercial aerospace. Sales are highly repetitive derived from approximately 100 existing active accounts along with sales generated from referrals and the company’s web page. There is no sales manager, sales reps or marketing programs of any type. The business employs a stable, knowledgeable and experienced non-union staff of 15 including the 2 partners. One partner handles the financial and administrative function; the 2nd partner oversees manufacturing. Other staff include a shop manager and a quality control specialist who is responsible for inside sales and customer service. 5 factory employees include machinists, techs and assembly workers, 1 receptionist and 5 additional factory part timers. Hours are 7:30am-3:30pm Mon-Fri. The company occupies 12,000 SF of separately owned manufacturing space that includes 1500SF of executive offices. Flexible lease terms available. Owners wish to retire and are available for a 12–18-month transition.

Buyer Fee?

No

Franchise?

No

Real Estate?

No

Relocatable?

Yes

Principals Only?

No

Willing To Co-broke?

No

Management Will Stay?

Yes

Represented By Broker?

Yes

Financials

Asking Price
Undisclosed
RevenueMost Recent Year
$3.3M
Earnings (SDE)Last Reported
$1.3M
Assets Value
Undisclosed
Seller Financing
Subject to Negotiation

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