SE Texas Manufacturer with Property Included! (17650)

Financial & Assets Details

About the Business

Business Description

Situated 30 minutes from Houston, local manufacturer provides custom shop and CNC services such as machine shop, engineering, and custom manufacturing services. Some examples are valve body assemblies, bonnets, downhole packer and drilling motor parts, and capable of machine repairs if desired. Catering to the oil and gas industry surrounding its geographic area, company shows plenty of room for growth and expansion through enhanced promotional methods such as website, serving additional industries facility is capable of, and staffing 10+ employees again. Headquarters is a nearly 12,000 square feet shop location, along with 1,200-sq.ft. of office space, sitting on 10 acres, owned by the company and included in the price, and with plenty of room for expansion. The involved owners will stay for a standard transition as needed; company is ready for an industry buyer to continue semi-absentee operations thanks to owners and two skilled employees, agreeing to stay post-purchase. Marketing efforts have ranged from radio advertisements to print media, primarily focusing on their proven effective direct contact referral source system backed by their large customer base mostly within the Greater Houston Area. 2020’s Covid environment produced a 40% drop in revenue compared to $533,198 revenues and Seller Discretionary Earnings of $260,805 in 2019.

Seller Financing

Financing can be negotiable for the right buyer.

Location Details:

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.