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Asking Price:	$3,200,000 USD USA Dollars
Business for Sale Industry:	Manufacturing: Metal Products
Reason for Selling:	Retiring
Year Established:	1989
# of Employees:	22
Yearly Revenues:	$2,840,581
Yearly Cash Flow:	$315,000
Yearly EBITDA:	$728,395
Yearly Net Profit:	$181,822
Yearly Gross Income:	$2,846,633
Monthly Payroll:	$65,000

Business for Sale Overview:

A heavy-duty industrial machine shop, Coal Mining equipment repair, & rebuilding, welding, fabrication steel sales, replacement parts for mining & construction, located in the heart of the booming coal business has been serving the Coal Mining Industry of Kentucky, West Virginia and Virginia for more than two decades. Same location since 1989- established clientele & new clientele- Pike County KY near major 4 lane- Revenues are growing 20% plus annually since 2005 and are on target to continue to grow 30% plus for 2008, during the tremendous coal boom currently being experienced in the Shop’s immediate market. Growth reflects increased orders from established accounts.

Property Features and Assets:

The Shop includes a 10,000 Square Feet steel building with fenced compound of 2.5 acres of land. The building is in good overall condition and houses equipment and large amount of parts, and storage typical of a busy machine shop facility with many “work in progress,” projects populating the facility and grounds. There is sufficient acreage to add additional buildings and storage. Assets real estate $1m plus, equipment parts-$1.8m, sales $3m plus. Growing!

Market Competition and Expansion:

Largest repair facility for underground mining repair in E. KY. Established clientele, limited competition, established accounts & distributorship's, experienced drug-free workforce, vast inventory parts & equipment, hiring additional employees monthly, lots of space for additional buildings, storage space; Grow by providing inventory & equipment to the booming hydrocarbon Oil/Natural Gas Drilling Contractors business in the local area!

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.