Business For Sale. Full Service Tool, Cutter Grinding And Manufacturing Operation.

FULL SERVICE MACHINE TOOL CUTTER AND GRIND SHOP. In business more than 36 years, and ISO 9000 qualified, the company reconditions tools and manufactures custom tools. As the largest grind shop in the Los Angeles area, it has achieved 22;Approved Vendor22; status with Northrop-Grumman (one of only four companies) and Boeing. This, for example, enables Boeing';s multi-locations to work independently and more efficiently with the company: Puget Sound area, Huntington Beach (';black hole projects';), St. Louis, Seattle, and Witchita. Services include reconditioning, 22;radiusing,22; chamfering, hone grinding, polishing, brazing and welding, engineeredwrenches and sockets per specifications. Strategically divided into five areas, the facility houses tool sorting (180,000 tool capabilities), manufacturing, inspection/shipping 26; receiving, CNCs and offices. Customer industries are divided 80%; in aerospace and 20%; automotive aftermarket. The company makes tools for the production of lug nuts and valve stems. It has a 22;sole-source22; contract with Honeywell/Allied Signal, which is housed in a 500-employee facility producing aluminum wheels. One growth area is the medical field, where the company';s services have been used in drilling holes in stainless steel limb replacements. The owner seeks a partner/investor for either 50%; or 25%; of the company over the next 5 years. Thereafter, buyer will acquire the balance of the business. New contracts for 2005 already exceed current revenue levels by 24;300,000.