30% DOWN - Machine Shop -10,000 s/f Bldg, SOLD!!
Location: Massachusetts
Industry: Manufacturing > Metals Components Manufacturing
Financials
Asking Price: $1,195,000
Gross Revenue: $1,300,000
Inventory: $25,000 (Not Included in Asking Price)
FF&E: $500,000 (Included in Asking Price)
Real Estate: $486,000 (Included in Asking Price)
Seller Financing: Buyer will consider 30% down with the balance paid over 7 years at 2 points over prime. Note must be properly secured
Business Summary
This fine Machining Company knows nothing but quality, service, ethics and outstanding customer service. 30 plus years under the same Ownership! Triple "A" clients , world manufactures, known though out the world. Not the average machine shop, this shop excels on difficult jobs and materials most shops do not like to work with. Off shore companies are not a threat to this type of operation. They are turning away work and can exlpode with that special buyer that has the financial, managing, and marketing savvy.
About the Business
Year Established: 1975
Employees: 9 full time -
Facilities: Asking price includes 2 .46 acres of Land and a 10,000 s/f building that was built for this operation in a beautiful country setting. The machine shop equipment includes numerous CNC Milling and Turning Centers along with all the support and inspection equipment. All the equipment, tools, fixtures, vehicles, office equipment is valued at $500,000. The building and land are appraised at $486,000. There is plenty of room for expansion if needed or put on a second shift.
Market Outlook and Competition: This company is turning away work, which could be accepted at premium pricing and are back logged for 4 months. Their major clients for see 5 years of robust growth, work and orders. Here lies the OPPORTUNITY! Their shop rates are very reasonable they have long term, qualified machinists.
About the Sale
Management Training and Support: Seller will stay for a smooth transition
Reason For Selling: After 30 Years of owning the company, the seller is retiring!

List Your Business for Sale | This listing has been viewed 2261 times

advertisement
Listing Tools
BizQuest ID:812479
Seller ID:06-10995
Business Listed By
Name:Dave Burke
Company:Trico Ventures, Inc
Recommended Resources
Sponsored Links
The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.