Strong Cash Flowing DFW Metal Machine Shop
Strong Cash Flow Metal Machine Shop
Precision machine job shop delivers complex machined parts and machining services for over 16 years now. Customers include leading OEM's from various industrial and military client bases. A long standing 15 year, major customer customer relationship featuring proprietary deliverables, accounts for 36% of its revenues. This company is a highly capable solutions driven center for its customers and has 15 long time employees serving as the heart of its highly skilled labor pool. The company manufactures custom machined parts in its own 10,000 sq. ft. facility using their late model in house milling and turning center. Assets included in sale are approx. $1.1M in FFE, $40K of inventory, real estate of $654K, and necessary working capital & seller financing for qualified buyer. 2015 revenues increased 15% over 2014, with 2016 showing continued strength. Long term three partner owner/operators wish to retire and are prepared to stay on for up to a year to facilitate a smooth transition of the business and its operations to the successful buyer.
B2B Recycler and Supplier Ink-toner Cartridges 19727
Business will benefit from sales-oriented Owner
Business is primarily a B2B (Business to Business) recycler and supplier of ink and toner cartridges to local businesses (~65%) and consumers (~35%) in northeast Tarrant County. The business primarily sells remanufactured cartridges but also offers OEM (Original Equipment Manufacturer) cartridges. Additional services include secure shredding, printer maintenance & repair and paper sales. Business remanufacturers higher volume, simple inkjet cartridges and purchases low volume inkjet plus all toner cartridges wholesale from 3rd party partners. Originally founded as a franchise, the owner terminated the franchise agreement in December 2014 positioning the business for significantly higher future profits (no royalties). Many growth opportunities exist for an aggressive, sales-oriented hands-on owner-operator.
The business is located in a busy strip center with easy access to major Highways for walk-in consumer customers. Same or next day free delivery is provided to approximately 400 local businesses within about 10 miles of the store. The B2B customer base spans all industries and includes small to medium sized businesses.
The business has been in profitable operation for many years. However, the last three years have been negatively impacted by construction traffic. Although now completed, this multi-year, major road construction project, known as the DFW Connector Project, significantly impacted walk-in retail customer traffic. The business is located less than one block from two of the major highways impacted by that project. The construction is now complete and, to the knowledge of the owner, no further construction is planned.
The business recently relocated in March 2015 to a smaller space within the same shopping center. The relocation allowed the business to retain the current customer base, take advantage of improving traffic flow (post-construction) and reduce operating expenses. The business has an excellent manager who has been an employee for five years. Customer surveys reflect a strong, positive reputation for excellent customer service. Many customers have come to depend on the business for printer expertise and recommendations.
The owner and spouse work approx 30 hrs/wk in the business. The personable, knowledgeable store manager works 40 hrs/wk and has four years experience. The store manager is responsible for the day-to-day operation of the store which includes taking customer orders, counter sales, cartridge production, ordering production materials and finished cartridges based on need, inventory management, resolution of customer issues, telemarketing and directing activities of other employees. The owner expects that all employees will be willing to stay.
NOTE E2 VISA ELIGIBLE. This is an ideal business to obtain an E2 Visa: full-time employees and profitable income for a qualified owner-operator.
The asking price for the assets of the business is $140,000 ALL-CASH or $180,000 with $90,000 down and $90,000 seller-financed to a qualified purchaser for 5 yrs @ 8% ($1,825/month). All seller financing to be personally guaranteed. The seller prefers to sell for ALL-CASH. The assets include inventory at cost of $18,000, FFE (Furniture, Fixtures and Equipment) valued at $22,000 and Accounts Receivables totaling $10,000. Business will be transferred free and clear of any other liabilities.
Key words: Grapevine, Keller, Southlake, Colleyville, Irving