Machine Shop For Sale

Business description

Profitable machine shop with $200,000 in net income per year! Specializing in drill bushings, this company has been in business for over 28 years and has a long list of clients with no accounts concentration issues, many have been with him over 25 years. Nationwide distribution. All equipment is in excellent condition and has been well maintained and is owned free and clear. Trained workforce in place. Has capacity to run more shifts. Seller owns building and will offer very favorable long-term lease. With $1,104,000 in gross annual income, $200,000 in net annual income, $300,000 in inventory and $300,000 in fixtures and equipment, all are included in an asking price of $1,300,000.

Property information

Real Estate:

Lease

Other information

Support & training:

2 weeks at 20 hours per week following close of escrow

Reasons for selling:

retirement

Furniture / Fixtures value:

$300,000 (included in the asking price)

Inventory / Stock value:

$300,000 (included in the asking price)