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Connecticut Business For Sale |
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| MACHINING – SHEET METAL FABRICATION - ASSEMBLY |
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| Attn: C. J. (Charlie) Vlahos |
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| Newtown, CT, USA |
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| Asking Price: |
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$789,000 USD USA Dollars |
| Business for Sale Industry: |
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Manufacturing: Metal Products |
| Reason for Selling: |
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Technology changed |
| Year Established: |
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1916 |
| Yearly Gross Income: |
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$2,000,000 |
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Business for Sale Overview:
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Business has been machining, fabricating sheet metal and assembling products for the motion picture industry since 1916. Most of the products formerly made by this company have been replaced with digital technology and computers. The niche industry that remains is not able to earn the company the profits it needs to stay at its current staffing and shop equipment levels. Current Owners can not justify the continued investment in this industry. After several loosing years the owner's have decided to sell the business to someone or a company that can use its existing structure and facilities to continue in this industry, start a new business or expand a present use.
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Property Features and Assets:
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Revenues were over $2,000,000 in 2005 and 2006 yet cash flows over this period were negative. The company has not downsized and gross profit and general expenses have remained at previous levels despite the change in business and lower volume. The sub-contracting work has not been priced to reflect the realities of the market adding to the losses over these years. Management admits it doesn't have a vision for the future but realizes it has great facilities, a modern shop, useful equipment and a talented labor force and someone or a firm might be able to benefit from this collection of assets – hence selling vs. just going out of business (e.g. the cost of the assets in this business is over $1,200,000).
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Market Competition and Expansion:
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The building has 7,920 square feet of offices and 52,800 square feet of manufacturing space with shop offices and lunchroom. Total space available is +/- 60,720 square feet. The building has masonry construction, four loading docks, two drive-in doors, 22' ceilings, overhead cranes and is fully sprinklered. The business is being Offered at $789,000. The premises can either be rented or purchased. Rent would be $7 psf NNN and the Selling Price of the Real Estate would be $4,000,000 (note these prices assume the business is purchased - in other words the property is not for sale without the business - at least not at the above prices. |
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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