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Listing Number: 3794

Machine Shop Business for sale in Hillsborough County, New Hampshire

Business: Machine Shop Business for Sale
County, State: Hillsborough County, New Hampshire
Business Type: Fabricated Metal Products, Machine Shop

Summary Description

Custom design machine shop that also has the capability to do production run manufacturing. 16 years in specialty engineering of specialized product and support of research and development in the machining field. Parts are fabricated using all types of metals and plastics. Company can build from blueprints, sketches or can work directly with product samples. Works from table top patch cord concepts to full-blown electrical pneumatic high production equipment. Helps companies improve assembly and productivity. This company has an excellent reputation in the surrounding community has done little to no advertising in the past. When many machine shops closed down due to off shore outsourcing this company surrived and will double revenues from 2004 to 2005 (projected gross revenues are over $500,000 for 2005). The increase in revenues for 2005 is from 3 contracts that are 85% closed and are production run jobs. The production contracts will offer a nice mix to custom work. The owner is willing to stay on for a negotiated time frame to train and introduce new owner to customers. Repeat business is approximately 80% of revenues. New owner can implement sales and marketing plan to grow business. In June of 2005 this company will be the first company listed on Federal subcontractor list. Business is listed at $240,000 and RE is listed at $210,000 for $2400 SF. Approx value of equip is $150,000. Ohter capabilities include: Hurco 30", 24 tool Cabinet Mill CNC capable (Prototrak MX2 Miller, B3 3-Axis Miller and LX2 Lathe) Production Machining, Fixture Design and Fabrication, Repairs, R & D Prototyping utilizing Functional Engineering, Grinding, Light Sheet Metal work, Automated Oxy/Acetylene Torch and Plasma Cutting Capabilities, Mig Welding Capability, Sandblasting

About the Sale

Asking price: $450,000 (USD)

Financing: $270,000 down and $180,000 at 8% 3 years

Total Revenues: $245,542 (USD)

Cash Flow: $104,668 (USD)

Reason Selling: Other Interests

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