Aerospace and Defense Manufacturer
SOLD - NEO Business Advisors represented the buyer of IRBF Company of Tallmadge, OH to form IRBF Manufacturing in a strategic acquisition to expand into the aerospace and defense industry.
Asking Price: $350,000
Gross Revenue: $650,000
FF&E: $150,000 Included? Yes
Inventory: $75,000 Included? Yes
Real Estate: Leased
Building Size: 5,000 SF
Employees: 6 Employees (including owner)
Location: Tallmadge, Ohio
IRBF Company is a precision parts manufacturer offering CNC machining, assembly, coating and kitting of aluminum parts for the aerospace and defense industry.
Real Estate: Real Estate was leased by the Seller including 5,000 sq. ft. manufacturing space with 200 sq. ft. office and 200 sq. ft. quality control room.
Growth and Expansion: The business was an excellent strategic acquisition opportunity for someone already in the precision machining industry to acquire a company with long standing customer relationships. The buyer was confident they could grow the business with existing customers as well as add new customers and end markets.
Support/Training: Ownership was willing to include a 4-week transition period and sign on for a 1-year employment contract to facilitate a smooth transition.
Reason for Selling: Ownership seeking retirement.
Do you have a similar business you are considering selling or are you looking to buy a business like this?
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