Specialized Machine Shop in Kings County, NY - 26991 Business Type: misc. servicel/non-classifiable,professional services,misc. manufacturing/non-classifiable,absentee business,seller financing available,mfg businesses
Financial Information (non-confidential)
$350,000 Down and $149K over 3 yrs. @ 6%.
Specialized Machine Shop - Tool Maker. ONLY OPERATES 4 DAYS/WK!
This service business is one of a kind. It services other businesses and NOT the general public. Strictly B to B.
They have been in business for over 65 years with a well established clientele.
The seller says " It's such a pleasure to work with clients who don't nickel & dime you because they respect your product and depend on it!"
The company is not soliciting new customers and does not advertise.
Clients are well established companies spread all over the US, so the notion of "seasonal" or "territorial" setbacks do not exist.
The products are vital to its customers.
The company makes tooling for a variety of customers in different industries including healthcare, packaging, medical, cosmetic display, air and naval defense, leather products, agrobusiness, automotive etc.
This means the crisis of one industry is more then compensated by diversification of the customer portfolio.
In the past year the business grossed approx. $226,070.00 with a cash flow of approx. $128,395.00. That is while being run on a part-time basis.
The owner only goes to the business 4 days per week, for less than 20 hrs.
The seller will consider taking on a working partner -- $299,000 will buy 49% of the company.
We are seeking a serious and financially qualified buyer with at least $350K in liquid funds and some background in the industry.
The address will be provided upon showing Proof of Funds.
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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.
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