Exceptional Automotive/Marine Machine Shop with 93 Years in Business

Newport News, VA (Newport News City County)

Exceptional Automotive/Marine Machine Shop with 93 Years in Business

Asking Price:$400,000

Cash Flow:$89,000

Gross Revenue:$450,000

EBITDA:N/A

FF&E:$140,000

Inventory:$23,750

Real Estate:N/A

Established:1923

Exceptional Automotive/Marine Machine Shop with 93 Years in Business

Get Financing Save Print Share Valuation Report

Business Description

In 1923, this business began as a small garage in Newport News, Virginia providing locals with state of the art maintenance and motor repairs for their automobile needs. Since then, the business has grown into a much larger facility that is able to service not only automobiles, but also marine, industrial, diesel, and performance motor needs.

The current business services Include, but are not limited to: Champion race oils, bore/hone/surface blocks, rebuild automotive/diesel cylinder heads, competition valve jobs, grind crankshafts, balancing, surface flywheels, miscellaneous press work, recondition connecting rods, and OEM and competition parts.

From its nine decades in business, this machine shop has earned a name that is well-known and highly-regarded in both the market area and business arena. The business boasts a long roster of longstanding and loyal clientele, and it is consistently able to cover costs with sales revenue. The assets of the business far exceed its liabilities, and all equipment included in the sale is owned outright.

Excellent Branding and 93 Years in Business make this an Outstanding Opportunity for any interested acquirer!

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building Sq. Ft.:
7,500
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business has all necessary equipment on-site to perform jobs to bring a motor up to standards and specifications including, but not limited to: cylinder boring/balancing, crankshaft grinding, line boring/honing, valve jobs, and complete rebuilding of diesel heads.
Competition:
93 years in business is what sets this business apart from it's competitors. The business also has an Excellent online presence and reputation, with a custom website and an active Facebook page.
Growth & Expansion:
The assets of the business far exceed its liabilities, and the service delivery process is one that a new owner can easily adopt and carry on. The business could easily increase top and bottom line profits by investing in more advertising and improving the retail aspect of the business.
Support & Training:
Currently, the business has 4 active full-time employees. The business has staff and management in place to help a new owner successfully manage the transition, and to provide continuity after the owner's departure that clients know and trust. The business owner is seeking retirement, but is willing to remain involved during a 3-12 month post-sale transition period, and wishes to remain as a part-time consultant for the business after it is sold.
Reason for Selling:
Retirement

Listing Statistics for Premium Members

Ad#:1297061 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

GreenTree Acquisitions Inc.

Business Listed By:
GreenTree Acquisitions Inc.

GreenTree Acquisitions Inc.

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


Grease Monkey

Franchise Opportunity
Capital Required: $275,000