Well Known Machine Shop For Sale

Business description

This well known machine shop has an excellent reputation and has been established for 30 years. Its main business has been all types of plain parts contracted with the US Government. This turnkey business comes complete with all machines needed to run the business successfully that would cost aprox $1.5 million to buy new. It currently has inventory under contact worth $150,000 to be shipped within the next few months. It also has an additional $300,000 in inventory as well. Up until the last 2 years revenues have been consistently between $600 - $700,000 with a net of aprox $175,000+. For the last 2 years because of owners serious illness, the revenues have been around $400,000 with a net of aprox $100,000. This is an excellent opportunity for the right person to bring the business back up to original revenues and much, much more. Asking $525,000 with $350,000 down which includes all inventory mentioned above. If you're looking for an established turn key machine shop business with major upside potential, this is a definite must see so inquire now.

Other information

Reasons for selling:

owner is retiring

Financing available:

$175,000 @ 8% over 60 months