0 Undisclosed AddressMinneapolis, MN 55487

Property Details for 0 Undisclosed Address

Year built

2002

Property type

Commercial real estate

Description

This established engineering services business, founded in 2002, is offered for sale at $325,000. Generating $768,965 in gross revenue and $136,304 in Seller Discretionary Earnings (SDE), this business specializes in the technical service, calibration, and rebuilding of Coordinate Measuring Metrology (CMM) machines to original factory specifications. It also offers a comprehensive range of replacement parts, with a significant portion of sales (over 50%) coming from a key international customer. The business benefits from a strong reputation, receiving referrals directly from major CMM manufacturers. The company is ISO 9001 certified and provides on-site calibration services, emergency service, repair, and refurbishment of standard coordinate measuring inspection equipment, as well as sales of rebuilt equipment and accessories. The current owners, who work 40 hours per week, are willing to provide two weeks of support and training to the new owner. A non-compete agreement is in place for 200 miles for one year. The business includes approximately $7,500 in furniture, fixtures, and equipment (FF&E). Seller financing of $16,250 is available. The business is located in the Twin Cities Metro Area (Minneapolis, MN, zip code 55487) and currently employs two part-time employees. Significant growth potential exists through the addition of staff and automation of parts ordering. The owners are selling due to other interests. This presents a unique opportunity to acquire a nationally recognized business with a strong foundation and substantial growth prospects in the precision metrology services sector.

Location Insight

City

Minneapolis

County

Hennepin

State

Minnesota

Latitude

32.5435

Longitude

-82.1931

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