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Full-Service Machine Shop with Expansive Facility! (38005)

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 for 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 with $300,000 in profit for 2024. Last year, the company had $754,000 in sales with $200,000 in Discretionary Earnings.
Listed By: Flavia Milano
Background information
Seller Number:
38005
Year established:
1970
Reason selling:
Approaching retirement.
Finance
Sales:
$754,000
Profits:
$200,000
Profit type:
Discretionary Earnings
Operations
Employees:
6 nonunion.
Equipment:
$700,000
Inventory:
$40,000
Premises
Facility:
Leased.
Square footage:
40,000+/-
Opportunities
Market:
Referral Sources.
Price and terms
Price:
$1,175,000
Financing:
Standard SBA-term financing will be negotiable for qualified buyers.
Owner Transition:
Flexible for a negotiable acclimation, a strategic successor can take business to the next level.