Profitable Machine Shop with Strong Customer Base

Vancouver, WA (Clark County)

Inside of shop - partial view
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Asking Price: Get Financing: $2,750,000

Cash Flow: $309,000

Gross Revenue: $1,300,000

EBITDA: $173,000

FF&E: $1,900,000

Inventory: N/A

Real Estate: N/A

Established: 1987

Profitable Machine Shop with Strong Customer Base

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Business Description

Turn key business; poised for growth; strong cash flow; SBA Approved.

Profitable Southwest Washington machine shop and hydraulic cylinder repair facility. Since its founding 30 years ago, the business has consistently maintained a 25%-30% gross profit margin by serving a committed and diverse customer base across Oregon, Washington, and Idaho.

The business offers its vast customer base, high quality, timely repair and fabrication services. The seller owns the well-maintained 18,000 Sq. Ft. facility equipped with 4 overhead cranes (up to 20 ton capacity), and will offer a competitive lease to the business buyer. The facility (building and land) is not included in the sale price.

The business has 14 dedicated employees trained in producing client work and operating all machine tools. The long term customer relationships, regional reputation, and strong economy keep the business busy and profitable without any marketing or sales effort. Over the past 3 years, the business consistently earned over $1,300,000 in gross sales. Much of the work comes from repeat orders where existing processes enable efficiencies that drive a consistent 25%-30% gross profit margin. Few businesses can provide the complete beginning-to-end services that the company provides for its customers. New ownership could increase sales and marketing promotion to increase revenues using the existing machinery and facility. Owner will stay on for a transition period of 1 year as needed (negotiable). This business is being sold by the owner and is a highly confidential sale. Contact the seller to learn more!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
18,000
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Sale includes all equipment, established customer base, proprietary technology and equipment designs, all inventory, website. Facility (Building & Land) not included in the sale price, owner will offer a competitive lease to purchaser. Equipment Includes: 14 lathes with swing from 16" to 60" 3 planer mills 36"x36" x 16' to 6'x6' by 24' long 3 Radial Arm Drill Presses OD and Surface Grinders Complete weld shop Complete hydraulic repair shop 3 forklifts up to 58,000lbs Facility includes 4 overhead cranes up to 20 tons
Competition:
Currently established as the leading job shop machine shop in the Portland Metropolitan Area, the business has a committed customer base and limited competition. This business offers both machine repair and hydraulic cylinder repair providing a diverse income base. Located in East Vancouver, WA, near major freeways (I-5 and I-205) this business' prime location makes it possible to quickly serve customers in Oregon, Washington, and Idaho. Strong economic growth is forecasted for the Portland Metropolitan area over the next five years.
Growth & Expansion:
There is significant opportunity to expand this business, the 18,000 sq. ft. facility and equipment would allow expansion to service additional industries, including the maritime ($30B in WA) and aerospace industries ($76B in WA).
Financing:
Current business bank will assist with SBA loan for new owner
Support & Training:
Owner is willing to stay on for 1 year to transition the business and provide the necessary training and ensure a smooth transition of existing customers to the new owner.
Reason for Selling:
Retirement
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Business Listed By:
John Marini

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