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The Company is a leading manufacturer of high precision cutting tools, gauges and other components related to gunsmithing. The Company operates from a 6,000-square foot facility that it leases from a third party. The Company provides high precision CNC components and gauges exclusively for the firearms industry. The Company offers a wide range of products and services including, but not limited to: standard finishers/rougher, headspace gauges, accessories and other cutting tools, specialized piloted cutters, receiver truing tooling, muzzle crown re-facing tool kits, military rifle, muzzle re-crowning tool kits, shotgun tooling and more. The Company has nine nonunion employees with an average length of service of 5 years. In 2016, the Company generated $1.34m with adjusted EBITDA of $286k.
Consistent profitability - Gun industry specialist - Includes: $972k equipment/vehicles and $50k Inventory - 9 non-union employees - Service radius: International – 15%, National – 75+%, Local-regional – 8 to 10% - Only one customer accounts for greater than 20% of sales - Owner willing to remain for transition period.
Due to technical nature, and conventions, the owner is available for extended transitioning.
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