NO SBA Financing (too small). Priced for an all cash offer. Proof of funds and a conversation with broker are required before setting up a visit to the shop.
This business has been operating for 50 years. The current owner took over in 2009. It has averaged $350,000 revenue and $139,000 profit over past 5 years with the owner working 10-20 hours per weeK and with 1-2 employees. In 2022, sales and profit dipped, but this year is picking back up. A significant personal / family event requires the owner to exit.
PRICE & TERMS
$99,000 for the building or rent from the owner at $1500 per month total with option to purchase later.
$175,000 for the business
all cash
minimum of $150K down, seller financing on the balance for qualified buyers
proof of funds required before setting up a visit to the shop.
NOTE: A 2022 buyer offered almost $300,000 and backed out due to the revenue decline in 2022. However, the 2023 pipeline is strong and a new owner can take advantage of the reduced price.
~$140,000 pipeline of orders received as of 3/25/23, estimated $100K net profit on pipeline since inventory and in-process parts are all included
All equipment
Smooth training and transition
In business since the 1970s
The two key customers have been customers since the owner acquired the business in 2009
Ideal Buyer & Due Diligence
The ideal buyer would have to verify and be comfortable with the following:
History and stability of the two key customers and pipeline of orders already received
Assess the opportunity with 3-4 other customers/past customers
Get a feel for the marketplace and potential for additional customers and growth
Be a hands-on owner operator and ideally hire 1-2 more employees over 6-12 months
Option to hire/promote a supervisor in 9-12 months enabling the owner to spend less than 10 hours per week focusing on finances, strategy, customer relations, marketing and business development
Relocation is possible, but may not be economical over a long distance or out of state
Reason for Sale
A past health issue within the owner’s family has resurfaced and requires the owner’s attention. This is the reason he has been limited to 20 hours per week since the beginning of this year. This listing is not expected to last long at this price. The value is in the pipeline and long-standing customers. The Seller could run through the pipeline himself and liquidate but does not want to leave the customers in a bind.
Current State of the Operation
Since the owner can only be there 20 hours per week, the sole employee has also been limited to 20 hrs per week since the owner is not comfortable with the employee in the shop by himself for safety reasons WIth 2 people working 20 hrs per week since the beginning of the year, they shipped roughly $40,000 in the first two months. Another $140,000+ of orders is on the books. A new owner coming in full-time alongside the current employee full-time could complete the backlog by the end of the summer. The owner estimates the net profit on the backlog to exceed $100,000 given all the materials have already been purchased.
Transition
The employee knows 95% of the operation and can do the bulk of the training during the transition and beyond. The owner will train the management side of the business. His availability will revolve around doctor’s appointments and personal responsibilities, but he is committed to being available for a new owner. A past employee helps out occasionally with some hours when he is available.
Facility & Equipment
The building is 2200 sf of shop space and 200 sf of office space, plus a shed in the back and more space in the lot. The building shares a parking lot with Maaco. The equipment is organized for operators to efficiently work multiple machines at the same time. The equipment is old, but reliable and produces great parts.
The core business is the turnkey production of about forty (40) similarly designed pilot pins and other parts used in magnetic drill presses. The company performs custom centerless grinding services specializing in multiple diameters, slotting, and precision tapered bearings. Two key customers account for nearly all of the revenue.
Número de listagem:
Categoria:
Localização:
VENDIDO
Informações financeiras:
Receita bruta:
Preço listado:
Lucro Líquido Ajustado Total:
Equipamentos / Instalações:
Ano de fundação:
Localização geral:
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Corretores de Negócios First Choice
As informações aqui contidas foram recebidas do Vendedor e são consideradas confiáveis, mas não garantidas. A First Choice Business Brokers (FCBB) confiou no Vendedor para fornecer os detalhes acima e NÃO verificou essas informações. A FCBB não se responsabiliza e NÃO garante quaisquer declarações, projeções ou informações fornecidas pelo Vendedor. O Usuário/Comprador será o único responsável pela verificação dos lucros e da operação comercial do Vendedor. Ao aceitar este documento, o Comprador/Usuário concorda que todas as informações aqui contidas são estritamente confidenciais e não serão divulgadas a terceiros sem autorização prévia por escrito. O Comprador/Usuário confirma e entende que a FCBB NÃO realizou uma investigação independente dos negócios ou dos valores aqui citados. A FCBB recomenda fortemente que o Comprador busque aconselhamento jurídico e contábil antes de adquirir um Negócio. Qualquer alteração nas informações acima requer a aprovação por escrito do Vendedor e da FCBB. Qualquer alteração feita neste documento sem a aprovação da FCBB e do Vendedor não é válida.
As informações contidas neste anúncio foram fornecidas pelo vendedor ou representante comercial mencionado acima. A First Choice Business Broker não tem participação na venda deste negócio, não verificou de forma independente nenhuma informação sobre o mesmo e não assume qualquer responsabilidade por sua exatidão ou integralidade.
Leia os Termos de Uso da First Choice Business Broker antes de responder a qualquer anúncio.
Nome da empresa
Localização: Las Vegas
NO SBA Financing (too small). Priced for an all cash offer. Proof of funds and a conversation with broker are required before setting up a visit to the shop.
This business has been operating for 50 years. The current owner took over in 2009. It has averaged $350,000 revenue and $139,000 profit over past 5 years with the owner working 10-20 hours per weeK and with 1-2 employees. In 2022, sales and profit dipped, but this year is picking back up. A significant personal / family event requires the owner to exit.
PRICE & TERMS
$99,000 for the building or rent from the owner at $1500 per month total with option to purchase later.
$175,000 for the business
all cash
minimum of $150K down, seller financing on the balance for qualified buyers
proof of funds required before setting up a visit to the shop.
NOTE: A 2022 buyer offered almost $300,000 and backed out due to the revenue decline in 2022. However, the 2023 pipeline is strong and a new owner can take advantage of the reduced price.
~$140,000 pipeline of orders received as of 3/25/23, estimated $100K net profit on pipeline since inventory and in-process parts are all included
All equipment
Smooth training and transition
In business since the 1970s
The two key customers have been customers since the owner acquired the business in 2009
Ideal Buyer & Due Diligence
The ideal buyer would have to verify and be comfortable with the following:
History and stability of the two key customers and pipeline of orders already received
Assess the opportunity with 3-4 other customers/past customers
Get a feel for the marketplace and potential for additional customers and growth
Be a hands-on owner operator and ideally hire 1-2 more employees over 6-12 months
Option to hire/promote a supervisor in 9-12 months enabling the owner to spend less than 10 hours per week focusing on finances, strategy, customer relations, marketing and business development
Relocation is possible, but may not be economical over a long distance or out of state
Reason for Sale
A past health issue within the owner’s family has resurfaced and requires the owner’s attention. This is the reason he has been limited to 20 hours per week since the beginning of this year. This listing is not expected to last long at this price. The value is in the pipeline and long-standing customers. The Seller could run through the pipeline himself and liquidate but does not want to leave the customers in a bind.
Current State of the Operation
Since the owner can only be there 20 hours per week, the sole employee has also been limited to 20 hrs per week since the owner is not comfortable with the employee in the shop by himself for safety reasons WIth 2 people working 20 hrs per week since the beginning of the year, they shipped roughly $40,000 in the first two months. Another $140,000+ of orders is on the books. A new owner coming in full-time alongside the current employee full-time could complete the backlog by the end of the summer. The owner estimates the net profit on the backlog to exceed $100,000 given all the materials have already been purchased.
Transition
The employee knows 95% of the operation and can do the bulk of the training during the transition and beyond. The owner will train the management side of the business. His availability will revolve around doctor’s appointments and personal responsibilities, but he is committed to being available for a new owner. A past employee helps out occasionally with some hours when he is available.
Facility & Equipment
The building is 2200 sf of shop space and 200 sf of office space, plus a shed in the back and more space in the lot. The building shares a parking lot with Maaco. The equipment is organized for operators to efficiently work multiple machines at the same time. The equipment is old, but reliable and produces great parts.
The core business is the turnkey production of about forty (40) similarly designed pilot pins and other parts used in magnetic drill presses. The company performs custom centerless grinding services specializing in multiple diameters, slotting, and precision tapered bearings. Two key customers account for nearly all of the revenue.
Número de listagem:
Categoria:
Localização:
Localização Empresarial
Ciro 'Vic' Coppola
Escritório: (702) 368-2500 | Celular: (725) 233-3333
Licença nº: BS.0146004
Informações financeiras:
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Motivo da venda:
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Corretores de Negócios First Choice
As informações aqui contidas foram recebidas do Vendedor e são consideradas confiáveis, mas não garantidas. A First Choice Business Brokers (FCBB) confiou no Vendedor para fornecer os detalhes acima e NÃO verificou essas informações. A FCBB não se responsabiliza e NÃO garante quaisquer declarações, projeções ou informações fornecidas pelo Vendedor. O Usuário/Comprador será o único responsável pela verificação dos lucros e da operação comercial do Vendedor. Ao aceitar este documento, o Comprador/Usuário concorda que todas as informações aqui contidas são estritamente confidenciais e não serão divulgadas a terceiros sem autorização prévia por escrito. O Comprador/Usuário confirma e entende que a FCBB NÃO realizou uma investigação independente dos negócios ou dos valores aqui citados. A FCBB recomenda fortemente que o Comprador busque aconselhamento jurídico e contábil antes de adquirir um Negócio. Qualquer alteração nas informações acima requer a aprovação por escrito do Vendedor e da FCBB. Qualquer alteração feita neste documento sem a aprovação da FCBB e do Vendedor não é válida.
As informações contidas neste anúncio foram fornecidas pelo vendedor ou representante comercial mencionado acima. A First Choice Business Broker não tem participação na venda deste negócio, não verificou de forma independente nenhuma informação sobre o mesmo e não assume qualquer responsabilidade por sua exatidão ou integralidade.
Leia os Termos de Uso da First Choice Business Broker antes de responder a qualquer anúncio.
