Seller's Contact Information
- RE: Specialty Precision Metal Works
- Contact: Kendric Foultz
- License #: 01484102
Quick Facts
Asking Price: | $520,000 | |
Annual Revenue: | $1,352,039 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $385,000 | |
Total Debt: | Not Disclosed | |
FF&E: | $11,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1950 | |
Employees: | 9 | |
BBN Listing #: | 618511895 | |
Broker Reference #: | BIZEX1415-KF |
Business Overview:
This business for sale is a long established company that offers a specialty niche service in the precision metal cutting industry. In its current form it is an ISO 9100:2015 certified operation with the further designation of being a women owned business.
The business is well staffed and the owner only comes into the facility two or three times a week for a few hours per day to handle standard business ownership issues. A full time working owner would have the opportunity to really grow the business particularly if they had a marketing background and had some relevant connections and experience in the industry.
The company has shown stability over the years and while Covid had a significant impact the company's financials and most recent tax return show a very nice recovery to equal if not better pre Covid conditions. The business has been pre approved for an SBA 7a acquisition loan with buyer capital injection as low as 15%.
For a buyer that requires to be able to purchase the operating real estate, the approximately 9,600 sqft building and associated land is also available for purchase.
For more details please contact Kendric Foultz.
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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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