Owner Financing is Available
Business for Sale Overview:
This company was started by the owner in 1994 at it present location. He had worked for Swagelock Co. for 30 years and decided that he was capable of running his own business. The business is similar to a screw machine shop. It does have older equipment, but all of it is in excellent condition. They occupy 6,000 sq. ft. and the rent is $1,500.00 a month. The landlord will give a new tenant a new lease or a buyer can move the business to another location if he give the landlord 6 months notice he already has an existing business. There are four full time employees that are the machine operators, not including the owner. The owner meets with customers and does the ordering as well as the job quotes. When they get real busy he also is capable of running any of the machines. The following is a history of the gross sales and the net income that was generated over the last three years. They have a small customer base, eight to nine regulars and an additional four to five that account for a small fraction of the business. The seller has a higher than average gross profit margin due to the fact that his customers supply most of the raw material for him to work with. The last four years his average cash flow has been over $150,000.00 per year.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
6,000 sq. ft. with a rent of $1500.00 per month. Seller will stay with the buyer for one month at no additional cost. After that period the seller will be negotiable for a fee based assistance.
Market Competition and Expansion:
Competition: The seller has a nich market in producing stainless steel parts.
Growth and Expansion: The company has ISO 9001:2000 Certification which they obtained on December 24, 2007. The Certificate # 12446. This company has been assessed and approved by N.Q.A. ( National Quality Assurance ). They are accredited by the ANAB, and monitored by ANSI-ASQ National Accreditation Board. The Seller has not notified any of the customer base this since he is ready to retire. This certification can and will bring the the opportunity to quote a lot of new jobs.
Reason for Selling:
Retiring.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.