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Established Machine Shop - Seller Financing

UT (Relocatable)

Seller Financing Available
Established Machine Shop - Seller Financing
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Asking Price: $299,889

Cash Flow: $117,211

Gross Revenue: $271,169

EBITDA: N/A

FF&E: $224,521

Inventory: N/A

Established: 1963

Established Machine Shop - Seller Financing

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Business Description

Established Machine Shop

A very established and successful machine shop, founded in 1963. The current owner purchased the business in 1996 and has operated it since then. The business started in a small rental space and expanded to its current, updated location. All machines have been very well-maintained and are in excellent condition. Current staff includes one full-time machinist and the owner works part-time. There is capacity to hire additional full-time machinists to grow revenue and accommodate additional sales. This shop is one of the few machine shops who will take walk-in work or small, one-time jobs (which leads to more business opportunity). Seller Financing available to qualified buyer.

Detailed Information

Employees:
1 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is operated in a light industrial area. The building was constructed in 1999 and is in good condition. The existing machine setup and building size have excess capacity to facilitate additional production and clients.
Competition:
The business has one other competitor in its market area. However, they compete well with this competitor because their hourly rate is lower and they also service walk-in clientele (the competitor does not).
Growth & Expansion:
The business has been constrained over the last 18 months because of the owner's health. Due to this challenge the owner has not been able to aggressively sell to past clients or fulfill all the possible business. A new, healthy owner will be able to grow the business quickly. Also, since the business has never had a formal marketing program, the new owner can achieve strong growth through any additional marketing plans initiated.
Financing:
$99k down/$200,889 for 72 mos. @ 5.5%.
Support & Training:
Will train for 4 weeks @ $0 cost. Other than the city business license, the owner is not required to have any other specific licenses or skills. However, some knowledge of machining is helpful.
Reason for Selling:
Owner had a serious back injury and is unable to do the required physical work.
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Matthew Jorgensen

Business Listed By:
Matthew Jorgensen

Murphy Business & Financial Corporation

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Sponsoring Broker:
Marvin Slovacek

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