Great Value on Manufacturing Shop in Florida! (17718)

Financial & Assets Details

About the Business

Business Description

Located in Florida, this listing offers a manufacturing machine shop specializing on rubber and sealing products for marine, industrial, construction, and military purposes among other applications. Open over 20 years, the business services an 80 mile radius, providing various gasket materials used for hydraulics, oil tanks, and engines. Headquarters is a single shop-based facility of nearly 9,400 square feet that features 2,200 sq. ft. of office space and a 7,200 sq. ft. area designated for production and capable of holding additional machinery. The premises are found in good condition, commercially zoned to handle extra capacity for any expansion interests and keeps a three year tenancy with fixed rates expiring in July 2022. Benefited by a skilled team of five nonunion employees agreeing to remain post purchase, a best-fitted industry buyer can adapt to the ongoing operations over a transition period of 24-36 months. Apart from maintaining a social media presence as means for self-promotion, marketing methods rely on word-of-mouth referral sources, which are backed by recurring customers and new clients. While growth opportunities exist with stronger sales efforts by reaching out to existing industries, more machinery, such as a newly obtained tow-motor valued at $10,000, will help considerably. Company still holds many potentials despite being affected by the pandemic with 2021 back on track. They are targeting to match 2019 revenues of $518,831 alongside Seller Discretionary Earnings of $76,242, based on an independent evaluation!

Seller Financing

Negotiable up to 20% for the right buyer.

Location Details:

Holds a three year tenancy with fixed rates.

Support & Training

Owner Transition period of 24 to 36 months.

Reason for Selling:

Approaching retirement and/or pursuing other interests.