Listing Details:

• Business Category:   Engineering Services
• Price:                                     $325,000
• Location:                      Twin Cities Metro Area
• Employees:                  2 Part time       
• Support & Training:     2 weeks
• Reason for Selling:     Other Interests   
• Non Compete:              200 miles for 1 year
• Years Owned:                       22
  
  
  

Business Description

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

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

The company was ISO 9001 certified, delivering on-site calibration services, emergency service, repair, and refurbishment for standard coordinate measuring inspection equipment. Furthermore, it excelled in the sales of rebuilt standard coordinate measuring equipment and accessories. 

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 worked a standard, 40 hour work week. There was, however, a fair amount of travel required for service work.