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Established Job & Machine Shop

#26777
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Jeannette026-FINAL 4 LIGHT GRAY

Jeannette Engel
Union Bay Group
(206) 783-1717

Business Overview

This listing is for a well-established machine shop located in central Illinois that is available to a qualified buyer. The business manufactures drill and tap parts as well as specializing in the manufacturing of parts for major heavy equipment companies like Caterpillar and others. Their reputation in their marketplace is top-notch and they have large base of loyal customers. They have long-term contracts and terrific relationships with large international companies. The business has a direct line with the Caterpillar company that is very difficult for businesses to attain. Only a select number of their (Caterpillar) clients are permitted this and this machine shop is among the select few. This represents a financial and competitive advantage that start-ups and their competitors simply cannot match. The shop is fully capable of small and long product runs set to their client?s specifications. The shop was shut down during the COVID-19 lockdown, but they are now getting back to their prior volume. There is a backlog of orders six months long that will keep the business busy and profitable. Over $100,000 in asset value is to be transferred with the sale of the business. This includes their 3 CNC machines, lathes and drill presses. The equipment alone has a fair market value of around $100,000. Their 2,000 sq ft shop/real estate is available separately from the asking price for $100,000. SBA financing is available with a 10% down payment. If you would like more information about this business, or if you would like to schedule a site visit, please contact the agent either by phone or by email. Online inquiries will be replied to with an email from an address with an NDA attached. These can sometimes get filtered into junk/spam folders. If you do not hear back from us with 24 hours, please contact us by phone. DocuSign available upon request.

Listing Details

  • Category

    N/A

  • Detail

    N/A

  • County

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  • State

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  • Country

    USA

  • SIC

    N/A

  • Price

    $140,000

  • Downpayment

    N/A

  • Adjusted Net

    $18,798

  • Annual Sales

    $108,898

  • Area

    Eastern Midwest (OH, IN, KY, MI, IL)

Relocatable

Home Based

Franchise

Lender Pre-Qualified

  • A/R

    N/A

  • Inventory

    $8,000

  • FF&E

    $92,000

  • Leasehold

    N/A

  • Vehicles

    $10,000

  • Real Estate

    N/A

  • Other Assets

    N/A

  • Total Assets

    N/A

  • Included

    N/A

  • Current Liabilities

    N/A

Contact us about this listing