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Business for Sale Summary

New and Remanufactured Engine Parts Machine Shop - 36550

Business Type: auto repair,auto/truck mechanical repair,aviation,business with property available,engineering & accounting services,marine repair parts & services,misc. service/non-classifiable,other business services,repair services
New and Remanufactured Engine Parts Machine Shop
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Financial Information (non-confidential)

General Information
Asking Price $895,000 Down Payment $895,000
Gross Revenues $971,513 Lease Remaining Register Free to View
Owner’s Cash Flow $373,337 Number of FT Employees Register Free to View

Financing

$895,000 Down and SBA Pre-Qualified

Business Description

New and Remanufactured Engine Parts Machine Shop and Complete Welding Facility. High margin, specialty service business! This company is a family owned and operated business for over 100 years. They are a leader in sales of new and remanufactured diesel and gas engine parts. They supply diesel and automotive engine rebuilders, trucking companies, fleet repair, service shops, O.E.M. truck and equipment dealers, waste removal companies, construction companies, and marine repair service companies. Customers also include local, state and municipal agencies and they have serviced the marine, railroad and hydro electric industries. They specialize in remanufactured and new diesel engine cylinder heads, block, crankshafts, turbos and injectors. Complete engine kits are also available with the parts, remanufactured or new. They have a fully equipped 6,000 sf machine shop. The shop includes a full service welding dept, renowned for their scope of work. They offer fabrication or repairs performed in house or on location. Services includes brazing, pre heat welding, tig and mig welding of stainless steel, aluminum, cast iron etc. The client base includes water processing plants, obsolete parts repair, and much more. The business is fully staffed with 4 full time and 1 part time employee. The owner is seeking retirement after a establishing the company’s stellar reputation for quality and service. In the trailing 12 months, the estimated gross sales are approx $1 mil., with an owner’s cash flow of 373,337. These are verifiable figures and the business may qualify for SBA lending. A lease is available starting at 7,500.00/mth. If the owner sells the property, it will be available through PMTG Realty for 1,650,000.00. Taxes are 19,631.00. We are seeking a serious and qualified buyer, ideally with industry background. To qualify for SBA lending, any buyer would need a minimum of $120,000 in liquid funds for the business purchase and a minimum of $165,000 for the real estate, if offered. Liquid funds requirements may be higher depending on your credit score, collateral and industry experience. There is additional inventory of approx. 41,800.00 at the time of listing. Proof of funds will be requested prior to any calls with the owner. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All site visits must be made by appointment only.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.