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Business For Sale

HVY EQUIP & PRESS REPAIR ENGINEERING

Attn: David Meislin
Hamblen County, TN, USA
Listing Number: "DM304"
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Asking Price: $3,800,000 USD USA Dollars
Business for Sale Industry: Services: Repair, Home Improvement, Painting  
Reason for Selling: Owner is retiring.
Year Established: 1978
# of Employees: 40 f/t
Yearly Gross Income: $4,000,000
 

Business for Sale Overview:

With 200 to 300 active accounts, this 28 year old business, including property and located in TN doesnt come along often. Primarily repairs metal stamping and forging equipment used by automotive and appliance manufacturers. Offers emergency repairs, complete and partial rebuilds, welding and brazing, machining, engineering and consulting. 3 crews are dispathed wherever needed, even Mexico and Canada! Most of the work is within a 400 mile radius. Engineering services also provided. 40 skilled employees, working 2 shifts, are willing to stay and work for the new owners. 62,000 sq ft single story (high ceiling) facility is included, allowing in-house repairs with plenty of elbow room. 2005 gross sales of $3M and 2006 gross sales of $4M. Includes lathes, fork trucks, cranes, tools, trucks, etc.


Property Features and Assets:

62,000 sq ft facility. Situated on 11 acres, half of which is unused at this time. Metal frame, one story. Industrial neighborhood. Includes Real Estate of $1.2M and F,F&E of $1M.


Market Competition and Expansion:

Little competition as this business offers a wide variety of services, in-house AND on the site.


Additional Details:

  • The property is owned.
  • 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.

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