Located 30 minutes from Houston is an oil & gas industry CNC and machine shop run by owners who are ready to retire. This company produces valve body assemblies, bonnets, downhole packer and drilling motor parts, and capable of machine repairs. Anyone interested in adding oil and gas industry services to an existing portfolio or needs access to the south Texas geographic area would own a shop and property with plenty of room for growth and expansion. The real opportunity value is in the property. The company owns two five acre lots, one of which houses a 12,000 square feet shop and 1200 sq ft of office space (included in the price), with plenty of room for expansion. One of the owners is willing remain beyond the transition period and the employees would with the new owner. This turnaround requires an industry buyer who needs real estate to expand and could work out a creative deal. 2020’s Covid environment produced a 40% drop in revenue compared to $517,759 revenues and Seller Discretionary Earnings of $260,788 in 2022. Great for an existing company looking to own Houston area property.
- Asking Price:
- $2,600,000 Furniture / Fixtures included
- Sales Revenue:
- $517,759
- Cash Flow:
- $260,788
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
Asking Price includes Property valued at $1,500,000 and Vehicles of $63,327.
- Premises Details:
-
Real Estate is sitting atop 10 acres.
- Size in square feet:
- 12,000+/-
Business Operation
- Reasons for selling:
-
Approaching retirement and/or pursuing other interests.
- Trading hours:
-
8AM - 5PM. Inquire for more details.
- Employees:
- 2 nonunion.
- Years established:
- 1995
Other Information
- Support & training:
-
Standard transition as needed.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Financing can be negotiable for the right buyer.
- Furniture / Fixtures value:
- $879,329 - included in the asking price
