Machine Shops & Tools
Active
PRICE REDUCED 45 Year Old Davenport Screw Machine Shop
Orange County, California, United States
Asking Price$3.80m
Revenue$666k
EBITDA-
Cash Flow$203k
Description
45 Year old Davenport automatic screw machine shop in Orange County, building included. Business is available separately at $695,000. The revenue and SDE figures presented are for the fiscal year ending 7/31/2024.
This business has operated continuously for 45 years. It initially operated as a rebuilder of Davenport screw machines, then as a Davenport machine shop starting in the mid-eighties. Through this long operating history The Company has earned a strong reputation as a high-quality machine shop via high quality, quick order turnaround and outstanding customer service. The book of business has a reasonable degree of customer industry diversification, and the customer base has included highly recognizable companies and brands.
The business/building is located in a well-maintained industrial area comprised of stand-alone buildings and a variety of industrial manufacturing enterprises. The building is further described in text below.
The employees have long tenures with the Company and are experienced and capable in all aspects of Davenport operation, setup and maintenance. The operation is not overly dependent upon the owners for day to day production and operations. The production processes and quality assurance tasks are well documented. The owners primarily handle preparation of quotes, material ordering and accounting. The Company has strong relationships with key vendors.
The machinery and equipment that will be transferred includes the following:
• Qty 16 Davenport Screw Machines (16 in operation)
• New Britian Screw Machine 1 5/8 cap. Air Threading
• Caterpillar Forklift (4000 lb cap)
• Donaldson Torit Air Cleaning System
• Air King Air Filtering System
• K O Lee Tool & Cutter Grinder w/ Collets and fixtures
• Black Diamond Drill Grinder
• Darex Drill Grinder
• H628 Lathe
• Diamond Milling Machine
• Avon Fallen Stamping Machine
• Bear Centrifuge (15 gal)
• CAS 55 g Drum Scale
• Hydraulic Press
• Drill Presses
• Belt Sander
• Chop Saw
The successful buyer will be knowledgeable in machine shop operations, preferably familiar with Davenport automatic screw machines. The building is not currently fully utilized by the financial performance of the business. To effectively leverage the building, the ideal situation would be the relocation of a buyer operation into the building to fill capacity. There is sufficient space to allow for reorganizing equipment if it is desirable to commission CNC machines in the facility as a compliment to the Davenport machines.
The preference is to sell the business and building together. Offers for the business only will be accepted, however offers for the building only will not be accepted until after the business is sold. If the business is purchased separate from the building, the business will have to be relocated to a buyer controlled facility. The Sellers will not entertain entering into a lease agreement of any duration to allow for business operations to continue operating in place in the building.
Real EstateBuilding Size: 7575 sq. ft.
$3.11mIncluded in Asking Price
Furniture Fixtures & Equipment
$300k
Inventory
$10kIncluded in Asking Price
Number of EmployeesFull-Time: 3
Year Established
1979
Reason Selling
Retirement
Facilities & Assets
The machinery and equipment that will be transferred includes the following:
• Qty 16 Davenport Screw Machines (16 in operation)
• New Britian Screw Machine 1 5/8 cap. Air Threading
• Caterpillar Forklift (4000 lb cap)
• Donaldson Torit Air Cleaning System
• Air King Air Filtering System
• K O Lee Tool & Cutter Grinder w/ Collets and fixtures
• Black Diamond Drill Grinder
• Darex Drill Grinder
• H628 Lathe
• Diamond Milling Machine
• Avon Fallen Stamping Machine
• Bear Centrifuge (15 gal)
• CAS 55 g Drum Scale
• Hydraulic Press
• Drill Presses
• Belt Sander
• Chop Saw
Support & Training
The Seller will provide two weeks of training at 30 hours per week after the close of escrow.
Note: Training will not include machining or screw machine training.
Market & Competition
In Southern California there is a vibrant, dynamic demand for machine shop services and products due to the breadth and complexity of manufacturing (customers) in the region.
Successful companies offer exceptional quality via the abilities to hold tight tolerances, quick turnaround and a price commensurate with the quality and services offered.
Growth Opportunities
No active sales outreach is currently utilized; The Company is effectively acting as an order taker. The execution of an inside/outside sales program would likely generate increased sales with both existing and new customers.
Re-engage in trade shows (Company has display for 10’ x 10’). There are several annual trade show opportunities in the sales territory that are well attended by current and potential customers.
The Company has excess machine capacity t
Asking Price$3.80m
Learn MoreAfter inquiring the broker will reach out to you to discuss the next steps.