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Business For Sale
MANUFACTURING
Attn:
Michael Floorman
Not Disclosed, CA, USA
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Listing Number: "6897 IM"
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Listing
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Asking Price: |
$460,000
USD USA Dollars
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Business for Sale Industry: |
Manufacturing: Machinery
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Reason for Selling:
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Retirement. |
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Year Established:
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1984 |
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# of Employees:
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1 |
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Yearly Cash Flow:
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$175,787 |
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Yearly Gross Income:
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$335,602 |
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Monthly Payroll:
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$3,300 |
Business for Sale Overview:
Precision machine shop manufacturing highly specialized components for the aviation and aerospace industry. Established in 1984, the company has a solid reputation for high quality manufacturing and on time delivery. The shop is equipped with automated equipment so that it needs one employee to run the shop. The equipment alone is estimated to be over $500K. The owner plans to stay with the business for up to 1 year until new owner becomes familiar with the business. Based on its income tax returns, bank has pre-approved SBA loan for a new owner. With the current level of cash flow, new owner is expected to make over $120K net income after paying the monthly principal and interest payments for $345K SBA loan. The building is available for purchase at $420K.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- The owner may be 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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