Business For Sale

Specialized Machine Shop-Tool Maker-26991

Kings County, NY
Kings County


Asking Price: Annual Revenue:
$499,000 $231,070

Manufacturing: Metal Products


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RE: Specialized Machine Shop-Tool Maker-26991 Broker: Melvin L. Vaz
Owner Financing is Available!
$350,000.00 Down & $149,000 over 3 years @ 6%.

Quick Facts

Asking Price: $499,000
Annual Revenue: $231,070
Net Profit: Not Disclosed
Cash Flow: $128,395
Total Debt: Not Disclosed
FF&E: $105,000
Real Estate: Not Disclosed
Year Established: 1952
Employees: 1
BBN Listing #: 15094447
Broker Reference #: 26991

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Business Overview:

Specialized Machine Shop - Tool Maker. ONLY OPERATES 4 DAYS/Wee! This service business is one of a kind. It services other businesses and NOT the general public. Strictly B to B. They have been in business for over 65 years with a well established clientele. The seller says " It's such a pleasure to work with clients who don't nickel & dime you because they respect your product and depend on it!" The company is not soliciting new customers and does not advertise. Clients are well established companies spread all over the US, so the notion of "seasonal" or "territorial" setbacks do not exist. The products are vital to its customers. The company makes tooling for a variety of customers in different industries including healthcare, packaging, medical, cosmetic display, air and naval defense, leather products, agrobusiness, automotive etc. This means the crisis of one industry is more then compensated by diversification of the customer portfolio. In the past year the business grossed approx. $226,070.00 with a cash flow of approx. $128,395.00. That is while being run on a part-time basis. The owner only goes to the business 4 days per week, for less than 20 hrs. The seller will consider taking on a working partner -- $299,000 will buy 49% of the company. We are seeking a serious and financially qualified buyer with at least $350K in liquid funds and some background in the industry. The address will be provided upon showing Proof of Funds.

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Reason for Selling:

Seller is retiring.

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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