Houston Area Machine Shop for Buyers w/Expansion Needs! (17650)
ManufacturingFor Sale in TX
Financial & Assets Details
About the Business
Located 30 minutes from Houston is an oil & gas industry CNC and machine shop run by owners who are ready to retire. This company produces valve body assemblies, bonnets, downhole packer and drilling motor parts, and capable of machine repairs. Anyone interested in adding oil and gas industry services to an existing portfolio or needs access to the south Texas geographic area would own a shop and property with plenty of room for growth and expansion. The real opportunity value is in the property. The company owns two five acre lots, one of which houses a 12,000 square feet shop and 1200 sq ft of office space (included in the price), with plenty of room for expansion. One of the owners is willing remain beyond the transition period and the employees would with the new owner. This turnaround requires an industry buyer who needs real estate to expand and could work out a creative deal. 2020’s Covid environment produced a 40% drop in revenue compared to $517,759 revenues and Seller Discretionary Earnings of $260,788 in 2022. Great for an existing company looking to own Houston area property.
Financing can be negotiable for the right buyer.
Asking Prince includes Property atop 10 acres and Vehicles valued at $63,327.
Support & Training
Standard transition as needed.
Reason for Selling:
Approaching retirement and/or pursuing other interests.