Established Machine Shop

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Asking Price:
$265,000

Gross Revenue:
$223,000
Cash Flow:
$108,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$7,500
included in asking price

FF&E:
$106,000
included in asking price

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Business Description

Premier machine, welding and fabricating facility located in the same location (Honokohau Harbor) for the past 36 years right in the heart of the dry dock area of Kona's Gentry Marina. Almost 4 decades of extremely successful operations and historical profitability. , A machinists DREAM facility at the perfect location, 100% turn key. Sandwiched between a Marine Supply store and hundreds of boats (a bustling marina). Literally, the customers come right to your front door....ZERO advertising to generate these revenues by an owner who has scaled way back and is ready to retire. Bring your skill set and a strong down payment and start making money today!

About the Business

Location:
Kailua Kona, Hawaii
Year Established:
1982
Number of Employees:
1
Real Estate:
Leased
Building Sq. Ft.:
1,250
Rent:
$1,950.00 Per Month
Lease Expiration:
9/30/2020
Facilities:
Although listed at 1250 sq. ft., there is a second floor (30 ft. ceilings) plus an office area in addition to outdoor work/storage areas making this facility much, much larger than stated. Literally, a machinist's dream facility...Everything a machinist needs: Lathes, Presses, Saws, Benders, Sanders, Welders/Torches, Cutters, Tool's galore... all are in perfect working order and neatly organized. There is a 3 page Asset List which includes everything a working machine shop needs, it's already in place! Easy lease assignment/transfer. If you have the skill set to fabricate metals, your income is only limited by how many jobs you want to perform. If you decide to hire additional techs, you will only grow the revenues...the work is stacked up year after year.
Website:
N/A
Market Outlook/
Competition:
None anywhere near the Marina- It's all about the Location, Location, Location!
Growth & Expansion:
The Owner is almost 70 years old and has scaled back his hours of operation and is accepting only a fraction of the work that is available to him. He closes the doors and spends several months a year at his retirement home in Alaska. Utilize this shop as it was intended, by being open full-time, 12 months of the year. Use the incredible equipment that's in place, work full time and hire an apprentice (or two) and start cranking out the work that is pounding at the door. This is an amazing ongoing business with a huge customer base and a following of hundreds of satisfied repeat customers.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
30 Days to ensure a smooth transition
Seller Financing:
Partial Seller Financing for a qualified Buyer

Listing Info

ID:
1545718
Ad Detail Views:
876

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Business Listed by

Mark Chesler

Hawaii Sunset Real Estate

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