Profitable Engineering And Parts Machine Shop (17756)

Operating from its headquarters in Texas, This Company is a precision provider of engineering and machine shop services. The Company’s primary product and service lines consist of custom engineering and machine manufacturing services including parts, downhole tools, custom tools, welding and tool sharpening services. Utilizing computerized numerical control (CNC) equipment, the company is capable of manufacturing and designing parts and solutions for nearly any industry; however, the majority of revenue is sourced from the oil and gas industry. The Company operates out of a leased location totaling nearly 20,000 square feet. The facility includes office space, shop space and warehouse space, the company leases the location from a third party. The ownership has thrived in an industry that has experienced tremendous change over the past fifteen years by transitioning away from large-run orders which can be easily handled by a smaller team. This approach allows them to maintain a solid, diversified business while enjoying higher margins and less wear and tear on the equipment. The Company’s customer base consists primarily of large regional oil and gas companies in need of machining and engineering services, with another customer base consisting of paper industry, food industry and other engineering / industrial customers. The Company is also capable of providing part and machine repair services to its customers on an on-demand, and through service-level agreements. By providing repair services, the Company maintains an even higher presence in the market by being able to capitalize on its customers' entire repair and part engineering services. In 2019, the Company’s total revenue was $1,190,046. The COVID-19 pandemic in 2020 had a negative effect on revenue generation due to state mandated shut-downs however, revenue is on the rise for 2021 and has recovered strongly. The ownership believes that its quality reputation, service, operational capabilities, and diversity in the marketplace has contributed to The Company’s continued success. There are many opportunities presented for new ownership to continue growth with minimal capital infusion. Location: Texas Year Established: 1967 Number of Employees: 9 nonunion. Facilities: Facility totaling 20,000+/- is Leased. Business started in 1967 & acquired on 1986.