Request More Information Contact the Seller
- 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 |
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.To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
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:
RetirementAdditional 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
Relevant Links:
- View more Connecticut businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
Request More Information
