Price Reduced Land Or Welding Business For Sale

Business description

Welding business is run by the owner only. No employees except wife is doing the bookkeeping. There is definitely more revenue potential with addition of employees or portable welding. We have offered all types of welding including aluminum, cast and stainless steel. Jobs range from small repairs, aluminum boat repair, truck racks, fuel tanks, to brackets and saddles for construction. Established welding business has been here for 19 years with special use permit for welding grandfathered in. Located on high traffic corner of main north/south arterial. Great exposure for the business. 3 phase power ideal for tradesman. Large parking area allows easy access for the delivery trucks. Drive through doors for large trucks. This is the last welding shop allowed within the city limits. Living quarters attached for owner/operator or rental income.

The package includes three commercial buildings in Hayden, ID, which is 5 mi. north of Coeur d’Alene, on 1.11 acres of land zoned commercial. Income from welding business and rental income detailed below.

Structures are as follows:

1) Main building is 3200 sq. ft. with two offices and the welding shop. Two 14 ft. doors allow for drive through. The main shop is 2800 sq. ft. with a loft for parts. Forced air gas heat. Business pays $1000 monthly rent. There is a 1 bedroom 1 bath, 800 sq ft apartment upstairs, with a double garage. There is a large deck off the apartment with additional storage below. Washer/dryer hookups. Apartment currently renting for $500 monthly. Renter pays gas & electric from a separate meter than the shop.

2) Building is 3300 sq. ft. total. 1,500 square foot shop with 900 sq ft office/storage and 900 sq ft apartment upstairs. Forced air gas heat. This is currently rented for $1200 monthly. Renter pays gas & electric. Rental income has been steady since purchased it in 1989.

3) 1,200 sq. ft. heated storage building. Forced air gas heat and power. Building is not plumbed, but sewer hookup is available at the street. Currently renting for $385 monthly.

4) 750 sq. ft. detached garage. No utilities. Included in rental of building #3.

Owners pays water (approx. $15/mo) and sewer (approx. $13/mo) for the rentals.
Taxes on both parcels for 2008 approx. $4400.

There are two separate parcels of land; the larger is .89 acres with buildings 1 & 2. The smaller parcel is .22 acres with buildings 3 & 4.

The complete package of land/buildings and business is offered at $625,000.
Rental income on all buildings currently $3085 monthly.
Gross sales from welding business have averaged $100,000.

Business and 3 phase equipment is offered at $75,000.
The welding business includes 3 phase equipment such as welders, punch, sheur and an 8,000# forklift. A complete equipment list is available.

Owners would consider financing and selling separately as follows:
Land & buildings only $550,000
Business & equipment $ 75,000
.22 acres (bldgs 3 & 4) $149,500

Property information

Real Estate:

Real Property Included

Living accommodation:

1 bedroom 1 bath, 800 sq. ft. apartment sits above a 2 car garage/office space. There is a large deck off the apartment with additional storage below. The storage has an outside entrance. There are washer/dryer hookups.

Location:

Located on main north/south arterial, 1 block off highway on corner lot.

Other information

Expansion potential:

Owner has been working alone, definite expansion potential with the hiring of new employees. There is a real need for portable welding. Size of lot allows expansion of buildings as well.

Support & training:

Owners will consider staying 1-3 months as needed to transition to new owners. Would also consider a 1 year leaseback of welding shop.

Reasons for selling:

Retirement

Trading hours:

8am-5pm M-F

Financing available:

Owner will carry financing.

Furniture / Fixtures value:

$30,000 (included in the asking price)