Multigeneration Owned Manual Machine Shop Rare Find!

Polk City, FL (Polk County)

Multigeneration Owned Manual Machine Shop Rare Find!

Asking Price:$495,000

Cash Flow:$141,000

Gross Revenue:$595,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$295,000

Established:1939

Multigeneration Owned Manual Machine Shop Rare Find!

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Business Description

This Company is a full service oriented machine shop specializing in repair and individual jobs that solve problems for their clients.They have been serving the Phosphate, Citrus, and Commercial Industries for over 77 years. They provide service to many of the hydraulic shops in the central Florida market making new chrome rods, pistons, glands, and even cylinders. They provide service and repair work for many of the well drilling companies in central Florida and provide service to multiple municipalities. This company has been owned by the current family for three generations and was purchased back in the 1970s from the original owner. In addition to their machine shop capabilities, they have a welding and fabrication department to assist in different applications, including Aluminum.

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
18,000
Employees:
4
Facilities:
The main building and shop are approximately 18,000 sq ft. with a second building with approximately 1,000 sq ft. The land is approximately 2 acres
Competition:
As always there is competition in the machine shop industry but this company has carved a niche over the past 80 Plus years. They have a solid ongoing customer base that is not going anywhere.
Growth & Expansion:
This company definitely has room to grow. The current owner has run this company at his comfort level and it has been a great business. Anyone wanting to come in and grow the company could expand on what it is and has been doing. This company is centrally located within 45 minutes of Tampa, Lakeland, Orlando, and Winterhaven. The potential for growing is tremendous.
Support & Training:
Owner is willing to spend time to insure a smooth transition. Anything else would have to be discussed at time of purchase.
Reason for Selling:
Owner is ready to retire

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Rick Schell

Business Listed By:
Rick Schell

The Enterprise Group

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