Large Machine Shop

Bridgeport, CT Fairfield County

Asking Price: $95,000

Annual Revenue: $185,600

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RE: Large Machine Shop
Contact: Not Disclosed

Quick Facts

	Asking Price:	$95,000
	Annual Revenue:	$185,600
	Net Profit:	$83,500
	Cash Flow:	$83,500
	Total Debt:	Not Disclosed
	FF&E:	$95,000
	Real Estate:	Not Disclosed
	Year Established:	49
	Employees:	2
	BBN Listing #:	81155236
	Broker Reference #:	05221664

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Business Overview:

This machine shop was established 1n 1973 when the owner bought the real estate, added machinery and started up the company. Over time as his sales expanded, he enlarged the footprint of the real estate and added more machinery. The Company will be 50 years old in 2023. While operating at significantly lower sales due to Covid 19 and owner's personal health during the past two years the Company remains in business at a modest level of activity with only a few accounts. The years 2017, 2018 and 2019 were the last three years of reasonable activity with the summary sales & profit data showing in this listing entered as an average of those years. These decent results were sales and profits generated with the owner running the shop and his wife running the office as the only employees of the Company, which files Form 1120-S Corporate Tax return. The equipment is not the most modern but it all works. Overall, the Company will be an interesting .buyer opportunity, probably to a young person looking to obtain a machine shop at a very favorable price. Rent is to be $2,000 per month for the 4,000 sq. ft. being leased. The real estate is also available for $200,000 as a separate transaction. Complete Equipment List is available. Buyer should have some machining experience although the owner will train him and work for a considerable period at a reasonable wage after the sale is concluded.

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Property Features and Assets:

Business property is owned by the seller. It is a wood framed building of 4,000 square feet . Machinery is filled with substantial machinery & equipment.

Market Competition and Expansion:

Few competitive companies exist in the area.

Reason for Selling:

Retirement

Additional Details:

The property is owned.
The owner is willing to train/assist the new owner.
This is not homebased business opportunity.
This is not a franchise resale opportunity

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