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Machining & Fabrication Business With $1.1mm+ In Sales For Sale

New York
Asking Price:
$650,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,147,000 (USD)
Cash Flow:
$174,000 (USD)

This machining & fabrication company specializes in one-of-a-kind, prototype and short run production pieces and can provide on-site installations of their work.  Materials include—but are not limited to— steel, stainless steel, aluminum, precious metals, and plastics. The company is accredited by the American Society of Mechanical Engineers.  Their certifications cover carbon steel, stainless steel, aluminum, invar and other non-ferrous materials.

The Company has created a niche in their ability to provide a combination and breadth of services that few other companies can provide in their New York State trading area.

Property information

Real Estate:

Lease

Lease Terms:

The seller will lease the facility to a new owner of the business for $4,125 per month on a triple net basis (lessee pays for utilities, RE taxes and interior maintenance), if the purchaser prefers to rent.

Location:

The business is located within a busy area with very good access to employees and customers. Easy access to major highways.

Premises Details:

The building is in the 15,000 to 18,000 sq. ft. range. The facility contains both offices and the shop. There is plenty of parking for employees and customers, as well as good access for deliveries and pickup. The real estate is owned by the sellers, who own the business. It is not included in the purchase price, but is available for purchase for $450,000.

Business Operation

Expansion Potential:

Growth can be driven by additional selling efforts and/or increased investment in services that customers are asking for (such as larger weldments/vertical turning center) and of which the company is either at full capacity or is not currently offered. Additional Internet-based marketing and a salesperson should drive additional growth.

Competition / Market:

This business offers one-stop shopping to a wide range of services. Few other local competitors are able to provide the extensive service options that are available with this company.

Reasons for selling:

Partners have different future objectives.

Trading hours:

Monday through Friday: 6:00a - 3:30p

Employees:
9 FT / 4 PT
Years established:
32

Other Information

Support & training:

Four weeks training is being offered by the seller. Terms are negotiable.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$450,000 (USD) - included in the asking price
Inventory / Stock value:
$4,000 (USD) - included in the asking price

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