Owner Financing is Available
Business for Sale Overview:
The retiring owner of this business started it 30 years ago. He has very high caliber customers allowing him to have much higher profits with his low overhead operation. It is located in the NC mountains convenient to the interstate and sizable city. There are 3 machinists that have been long term employees. Seller is motivated and ready to retire. Seller financing will be considered on a buyer for buyer basis. Seller is receptive to all fair and reasonable offers. Sales at 6/30/09 were $336K compared to $321k at 6/30/08. Total sales in 2008 were $630,600 with a cash flow of over $250,000. 2007 proved to be a very strong year with sales of $826,000 and a cash flow of $470,000 (similar to year 2004). In 2005 and 2006, sales were in the $600k range with a cash flow in the mid $200k range. They have built an excellent reputation with their customers based on pride, service, and the ability to handle difficult machining jobs. Seller is ready to retire. Real estate is optional.
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:
This business occupies 7,000 Sq. Ft. of a 14,000 Sq. Ft. building. The real estate is also available for $600,000 or may be leased at $2/per sq. ft. triple net lease terms.
Reason for Selling:
Retirement.
Additional Details:
- The property is owned.
- 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.