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Established Machining And Fabrication Business In New Orleans For Sale

New Orleans, Louisiana, US
Asking Price:
$1,456,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,173,000
Cash Flow:
$464,662

Let this red-hot metalworking business spark your interest!

Longstanding and dynamic Machine and Fabrication Shop available for sale with real estate included.

With 20+ years of experience manufacturing and repairing machine parts, this versatile machine shop has built a loyal and diversified client base all over the Gulf Coast.

90% of sales are repeat customers highlighting their longstanding reputation of quality and service.

Owners retiring - priced to sell! Owners are willing to stay on for 1-2 years.

Accounts Receivables of $170,000 are included in the asking price.

Property Information

Real Estate:

Real Property Included

Premises Details:

The facility consists of an industrially zoned land parcel of 13,000+ square feet, which is improved with a ground-level office/warehouse/shop facility.

The improvements contain 10,000+ square feet of gross building area.

Business Operation

Expansion Potential:

Huge potential for growth – machine tool consumption is up 6.8% from 2016 to 2017.

The U.S. metalworking industry is red-hot. The Gardner Business Index (GBI): Metalworking averaged nearly 56 in 2017, which was easily the best year since Gardner Intelligence started the Index almost seven years ago. The Metalworking Index continued to increase at the beginning of 2018, hitting an all-time high of 61.3 in February.

The strong performance of metalworking facilities throughout 2017 resulted in a significant increase in machine tool consumption, as reflected by data from Gardner Intelligence’s latest World Machine Tool Survey. Machine tool consumption in the United States totaled $8.142 billion in 2017, an increase of 6.8 percent from 2016. This increase represented the fastest growth rate since 2011 and the second fastest since 2007.

Competition / Market:

The company separates itself from its competition by offering specialty products and by priding itself in quality and service.

Reasons for selling:

Owners are retiring

Employees:
4
Years established:
20+ years

Other Information

Support & training:

Sellers are willing to train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller financing available

Furniture / Fixtures value:
$450,000 - included in the asking price
Inventory / Stock value:
$7,500 - included in the asking price