Specialized Machine Shop- 26991

Kings County, NY

Seller Financing Available
Specialized Machine Shop- 26991

Asking Price:$499,000

Cash Flow:N/A

Gross Revenue:N/A





Specialized Machine Shop- 26991

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Business Description

Specialized Machine Shop- 26991

Specialized Machine Shop - Tool Maker. ONLY OPERATES 4 DAYS/WK! This service business is one of a kind. It services other businesses and NOT the general public. Strictly B to B. They have been in business for over 65 years with a well established clientele. The seller says " It's such a pleasure to work with clients who don't nickel & dime you because they respect your product and depend on it!" The company is not soliciting new customers and does not advertise. Clients are well established companies spread all over the US, so the notion of "seasonal" or "territorial" setbacks do not exist. The products are vital to its customers. The company makes tooling for a variety of customers in different industries including healthcare, packaging, medical, cosmetic display, air and naval defense, leather products, agrobusiness, automotive etc. This means the crisis of one industry is more then compensated by diversification of the customer portfolio. In the past year the business grossed approx. $226,070.00 with a cash flow of approx. $128,395.00. That is while being run on a part-time basis. The owner only goes to the business 4 days per week, for less than 20 hrs. The seller will consider taking on a working partner -- $299,000 will buy 49% of the company. We are seeking a serious and financially qualified buyer with at least $350K in liquid funds and some background in the industry. The address will be provided upon showing Proof of Funds.

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Detailed Information

350,000.00 Down & $149K over 3 yrs. @ 6%.
Support & Training:
The seller will fully train the new owner.
Reason for Selling:
Seller is retiring

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