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71228- Machine Shop, Sheet Metal Fabrication & Design

For Sale in NY

Listing ID: 71228 | Broker Listing ID:

Financial & Assets Details

$1,690,000
$238,000
Yes
$750,000

About the Business

Yes
1996
8 FT
Yes

Business Description

Servicing Upstate New York, this specialty manufacturer provides machine shop and fabrication of sheet metal, prototype design, and welding services. This includes, but is not limited to laser cutting, welding or press brake work. The client list includes companies in the medical, pharmaceutical, and transportation industries. The company purchases inventory from job to job, leaving very little overhead stock to speak of. Offering these services requires a facility with various types of tools and equipment, and skilled craftsman to operate them. The company has a proven track record, supported by it many long term commercial business relationships. Over the past four years, company sales have grown substantially, with sales now over a million dollars. With a large customer base and solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones.

Established nearly 20 years, the company’s current marketing efforts focus on targeting commercial and industrial industries within a 200 mile radius. However, the bulk of the revenue is from repeat customers and word-or-mouth referral sources. A new owner would do well to set up a company website, maintain continuous advertising or start up a sales program. With management already in place, this company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. Owner financing may be negotiable for the right buyer. Please contact IAG for full details, including location specifics.

Seller Financing

Negotiable for the right buyer

Location Details:

The 13,000 square foot facility consists of 600 square feet office space and 12,400 square feet production area. The property is owned with an option to lease or purchase at additional cost.

Support & Training

While the owners are approaching retirement, the rest of the staff will most likely be willing to stay on after the sale.

Listing ID: 71228

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