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Asking Price:	$325,000 USD USA Dollars
Business for Sale Industry:	Manufacturing: Metal Products
Reason for Selling:	A serious car accident in April 2006.
Year Established:	1981
# of Employees:	3FT / 1 PT
Yearly Revenues:	$439,855
Yearly Gross Income:	$439,855

Business for Sale Overview:

This is a well established (26 years) precision manufacturing company that services the medical, aerospace, petroleum, pharmaceutical, automotive, and oceanic industries. The business works with aluminum, stainless steel, hastalog, plastics, and brass. In April 2006, the owner was involved in a serious car accident that left him unable to operate the business on a day to day basis and he is forced to sacrifice this premier company. There is over $200K in just equipment and precision instruments that are all in excellent condition and completely updated. A majority of the customers have been with the company for well over 10 years, some for 26 years, and are loyal and consistent customers. The company uses Vista by Epicor with full MRP and it is fully updated. Due to the owner’s current medical condition, he is turning down jobs on a daily basis - this is a gold mine for the new buyer. This is a fully turn key operation and the Seller will provide 4 weeks of training, on all aspects of the business, for the new buyer.

Property Features and Assets:

This is a well established (26 years) precision manufacturing company located in the Totem Lake area of Kirkland in a business park. The facility is 3,900 sq. ft., with reception area, clerical area, offices, work rooms, inventory room, and warehouse area for the manufacturing. There is over $200,000 in just equipment and precision instruments. All of the equipment is in excellent condition. The software used is completely updated and is Vista by Epicor with a full MRP. The base monthly rent is $3,552 plus NNN charges of $1057 per month. The Lease runs till 05/31/2009 with the Landlord willing to offer a qualified Buyer a long term extension.

Market Competition and Expansion:

Precision manufacturing is a very specialized niche market and this company is one of the most respected companies in the business. The business is located in a prime location to service its main clientele in the region. At the beginning of 2007, the business lost one of its main clients, due to the owner's inability to focus on the business, due to his accident. The owner is relatively certain that the customer will come back when there is a new owner who can run the operation. Most of the clientele have been with this company for over 10 years and have a great deal of loyalty to the company. Currently the owner is turning down jobs because he is unable to handle them. This is a gold mine for a new owner.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for 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.