Bob, if you're notching the front and back, IMHO you're over-thinking this...
It comes down to efficiency... for a CNC, you'll have to set-up both the front and back on the table, as well as, programming for notching and with the notching machine above, you're still dealing with four corners (not to mention a costly investment)...
Since you're notching both the front/back, you can simply run the drawers after assembly with the support of the fence and only have to make one more pass to get to 1.25"...
I mean, you're literally talking about 15 seconds on each side per pass... add a hole jig for above the notch in the back with a drill bit and depth stop, and again, we're talking seconds... at 18-20 drawers per day, let's say it takes a TOTAL of an hour to notch and drill the holes (allowing a total of 3 minutes per drawer on average)... it would take a lot longer using a CNC no matter the set-up... and would you really want to tie up a CNC and an operator who most likely makes more for notching?
Even if you're paying a guy $20/hour (most likely less), you're stressing (maybe a bit strong characterization) over $20/day for a service that you're going to charge for I assume (average is around $3 for notching) so at 18-20 drawers per day (300-400/month) you are making more than double your labor cost (considering loaded labor cost) for an add-on service...
Add to it, it allows you to use existing tooling (even if you wanted to dedicate a table saw for it, a lot cheaper equipment purchase), and not to mention dado blades used for this purpose will last a lot longer than bits, so you'll save money on consumables... and the skill level is minimum for the application as laid out...
Just some thoughts... Best of luck... 8^)