Established, successful, and reputable engine & machine shop located south of Augusta, Maine. Founded in 1978, strong ties and reputation within the New England racing industry, customized machining, antique engine restoration, and industrial diesel overhaul services. Currently yielding $1,000,000/yr in gross sales. Large existing customer base, in both performance/racing and commercial sectors, throughout New England. The business carries a reputation for being the go-to experts within circle track racing for the northeast US. Experienced, veteran technicians/mechanics on staff. Business currently holds established wholesale-distributorship agreements with a number of prominent industry vendors (Ford Racing, COMP Performance Group, Moroso, many others). Business contains all necessary specialized, modern machinery and tooling for full service and remanufacture of nearly any variety of gasoline or diesel engine, plus full service dynamometer facility. All operational, administrative and technology systems in-place (phone, internet, PCs, accounting software, etc) Situated on 2.2 acres, Building: 11,200sf. Sold “turn-key”. Includes current management and highly skilled personnel. Tangible property to include: equipment and machinery (precision honing/boring, balancing, cleaning, pressure testing, mag particle testing, mag particle inspection, crankshaft grinding/polishing/straightening, dynamometer facility, assembly, engine carts, shelving, cranes, fork lift, etc), office equipment (furniture, computers, phones, etc), physical inventory (new: currently at $60,000+/-), used core inventory (cylinder heads, crankshafts, camshafts, blocks, etc). Intangible property to include: computer software, website/established ecommerce platform [butler-macmaster.com] (currently yielding $300,000/yr in gross sales utilizing performance parts distributorships), customer list, vendor distributorships, internal operations procedures, sponsorships, phone system, internet, etc. Seller is offering several alternative sale terms to full, outright purchase, including: •Three year lease or lease purchase option of entire business as an entity (business model, all equipment, and building). Competitive monthly rate to be negotiated plus a 2% CAM fee based on gross sales. •Purchase of all business assets @ $220,000 (does not include real estate). •Purchase of all business assets @ $220,000 and annual lease of building for $22,400 (plus NNN). •Purchase or Lease Purchase of business and building @ $679,000 outright. Seller offering to finance for qualified Buyer(s) with competitive interest rates and terms. •Other proposals welcomed for evaluation.
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