Entrepreneurs invest many years building successful businesses. Selling your business, or buying an existing one, is a life-changing event. It is the mission of Truforte to help goal-oriented individuals realize their dreams. Our professionals have successfully handled hundreds of business sales throughout the USA for buyers and sellers. This provides valuable experience that better qualifies Truforte to help with the purchase or sale of your business entity. Business brokers are intermediaries who facilitate the sale of privately held businesses by working with both buyers and sellers. Confidentiality is critical to the successful transfer of a business. If it becomes known that a business is for sale, several things start happening and none of them are beneficial for either the seller or buyer of the business. Professional intermediaries are keenly aware of this and are experts at maintaining confidentiality. Truforte's professionals have decades of experience, handling the sale of hundreds of businesses in a wide range of size and industries.
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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