This longstanding machine shop has many decades of experience with projects large and small. As a B2B service provider, the industrial client base includes manufacturing, construction, and mining clientele, among others. With managers in place, the company's core offerings encompass machining parts from a wide range of materials as well as repairing and rebuilding heavy equipment parts. The Electrical Department repairs and rebuilds motors from 3/4 to 500 horsepower as well. The six employees keep the company’s operations streamlined, with some owner oversight. Featuring high-capacity overhead cranes, the spacious facility is over 40,000 sq ft and includes production, warehouse, and administrative spaces. The building is completely outfitted with state-of-the-art equipment, from horizontal and vertical CNC machines, lathes, and boring machines to grinders, compressors, drills, and hydraulic presses. This company is an excellent add-on opportunity for an existing operation needing additional machines and space to expand, as the facility is not operating at full capacity. The current ownership has kept the business at this size due to preference and is approaching the age of retirement. They are flexible with a negotiable transition and look forward to finding a successor to take the business to the next level. Recovering from the pandemic, the company maintains excellent profit margins, targeting $875,000 in sales and $300,000 in profit in 2024. Last year, the company had $754,000 in sales and $200,000 in discretionary earnings.
- Asking Price:
- $1,175,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $754,000
- Cash Flow:
- $200,000
Property Information
- Real Estate:
-
Lease
- Size in square feet:
- 40,000+/-
Business Operation
- Reasons for selling:
-
Approaching retirement.
- Trading hours:
-
Monday to Thursday 6AM - 4:30PM.
- Employees:
- 6 nonunion.
- Years established:
- 1970
Other Information
- Support & training:
-
Flexible for a negotiable transition, a strategic successor can take business to the next level.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Standard SBA-term financing will be negotiable for qualified buyers.
- Furniture / Fixtures value:
- $700,000 - included in the asking price
- Inventory / Stock value:
- $40,000 - included in the asking price
