Parts Distributor To Machining Industry For Sale

Business description

This specialty business provides tooling and parts for both CNC equipment and conventional machines. There are few competitors in the geographic area in this field and the owners have sold mostly by word of mouth advertising. The company has been in operation for 29 years and has realized its success through breadth of inventory, exemplary service and a reputation for honesty and fair dealing. All needed equipment, inventory and supplies are included in the purchase price. Owner will stay with the business to train for 30 days. Owner will consider partial financing for qualified Buyer. Are you an entrepreneur with knowledge of the machining industry? Are you mechanically inclined and dream of owning your own business? If you answered yes, this may be the perfect opportunity for you.

Property information

Real Estate:

Lease

Lease terms:

The 2,150 square foot facility can be leased from the business owner at $1,300 per month gross. Other terms are negotiable.

Location:

The business is located in a single story street front stucco building in a mixed use area just off a main thoroughfare.

Premises details:

The 2,150 square foot facility can be leased from the business owner at $1,300 per month gross. There is an adjacent 1,550 square foot facility (currently leased) that could be secured for future growth.

Business Operation

Expansion potential:

The business has no internet presence and the current owner feels on line sales would be an immediate boost to sales. A new owner should also hire at least one sales person to call on all machine shops in the geographical area. Some customers are actually out of state, so a direct mail advertising campaign could be very effective to grow the business.

Competition / Market:

There are no direct competitors in the trade area for this business. Any competitors are approximately 50 miles away and are actually manufacturers of the same parts this business carries

Reasons for selling:

Owner wishes to retire due to declining health.

Trading hours:

8 AM to 4 PM Monday through Friday

Employees:

2

Years established:

1981

Other information

Support & training:

Owner will stay at no additional cost for 30 days to transition the business. On-going consulting possible for a mutually agreed fee.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Owner will carry a secured note for a well qualified buyer.

Furniture / Fixtures value:

$30,000 (included in the asking price)

Inventory / Stock value:

$200,000 (included in the asking price)

Relocatable:

This business can be relocated.