37445-Texas Metal Working and Machine Repair

TX

Seller Financing Available
37445-Texas Metal Working and Machine Repair
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Asking Price: Get Financing: $685,000

Cash Flow: $180,000

Gross Revenue: $1,700,000

EBITDA: N/A

FF&E: $120,000

Inventory: $5,000

Lease Rate: N/A /SF

Established: 1986

37445-Texas Metal Working and Machine Repair

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Business Description

Located near Houston, TX, this company provides repair and rebuilding services for metal working machines such as mills, press brakes and other metal equipment for the industrial, gas and oil industries. The company’s top three services are electrical troubleshooting and repair, mechanical machine repairs and rebuilds and machine leveling and moving. Approximately 85% of clients are regional, within 200 miles and 15% of clients are national. The company operates from a 2,400-square foot facility, which includes a 3-bay warehouse and office space. Approximately 80% of the company’s revenue is derived from the sale of machine repair services to the Oil and Gas Industry, and the remaining 20% from the industrial market. In 2016, the company generated revenue of $1.1m, 2017 projects $1.7M. Further company growth could easily be attained with additional employees.
40% gross profit margin - 52% increase in revenue and gross profit projected from 2016 to 2017 - Equipment and vehicles valued at $120k - Inventory valued at $5k - 85% repeat business - State-of-the-art facility and equipment - Experienced personnel - Owner financing available - Owner willing to remain for transition period.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Negotiable for the right buyer
Support & Training:
The owners are available for transitions or extended stay if need be.
Reason for Selling:
Approaching retirment
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Business Listed By:
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