Business Overview:
BUSINESS: Manufacturing Company located in the suburbs of the Twin Cities. This company was established by the current owner in 2009. The company provides quality-tested, driven tool repair. Driven tools are supplied by manufacturers such as Mazak, Parlec, WTO, Zetti-Mimatic, etc. Services offered in the rebuilding process are shaft reconditioning and sizing, bearing(s), and seal replacement. They also manufacture parts using two of their Doosan Lynx 2100 CNC machines. Daily responsibilities of the owner include sales, purchasing, accounting, and involvement with engineering decisions from time to time. This company is perfect for an existing company looking to diversify or expand into the CNC business with endless potential.
FACILITIES: 1,500 square feet leased space. Rent is $1,045 plus utilities. The seller feels this facility could double sales without increasing the square feet or equipment. The lease expires in March 2023, with an option to extend.
EMPLOYEES: The business has a staff of one long-term full-time employee, with the owner working part-time.
REVENUE: Revenue in 2021 was $184,000, in 2020 was $163,100 and in 2019 was $191,000. Cash Flow in 2021 was approximately — $ 81,000.
ASKING PRICE: The asking price for the business is $195,000. Included in the price but not limited to are the furniture, fixtures, and equipment (value of approximately $213,000). Long-term Client List, Website, Goodwill, and Business Name, Inventory valued at $6,000 (at cost) are also included.
REASON FOR SALE: Retirement. The seller is in his seventies and is tired. He will provide the necessary training to ensure a smooth transition.
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Property Features and Assets:
1,500 square feet leased space. Rent is $1,045 plus utilities. The seller feels this facility could double sales without increasing the square feet or equipment. The lease expires in March 2023, with an option to extend.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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