Welding & Machine Shop Real Estate Included N. California SC2137
This Welding and Machine Shop is a Sole Proprietorship and was under the current ownership for the past 45 years but has been in business for over 75 years! For over seven decades, their team of master craftsmen and welders have been working to perfectly execute projects for fabrication, repair, and construction. What services do they provide? Machinery rebuilds and repair, vehicle welding, trailers, steel fabrication, axles, hitches and repairing customers equipment. They have lathes, shears, mills, press brakes and can do any type of welding. The business comes with the building and the 2 lots next to it, and they are located right on the railroad tracks.
Currently approximately 60% of the business is in Farming, with approximately 40% in other industries. Another unique feature is they sell raw iron and steel and have a large inventory of this at a lower purchased cost. By selling more of this material, a Buyer could quickly add revenue to the company and high profit margins.
Financial Information
$2,495,000
Asking Price
$225,000
Cash Flow
$800,000
Gross Revenue
$2,000,000
Down Payment
Yes
Financing
Business Location
City:
Northern California
State:California
Financing Comments
Financing is available for up to 20% is available at 7% interest for 5 years. Financing will be dependent on price offered and quality of the Buyer.
Reason for Sale
The reason for selling is the Seller wants to retire.
Detailed information
Year Established:1946
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:Yes
SBA Prequalified:Yes
Full-Time Employees: 3
Part-Time Employees:1
Contractors:N/A
Owner Worked Hours/w:30
Adjusted EBITDA:
$225,000
Inventory Included: Yes
Inventory Value:
$600,000
Monthly Rent:
Negotiable
Real Estate Available: Yes
Real Estate Included: Yes
Real Estate Value:
$1,250,000
Building Size: 8450
FF&E Included?: Yes
FF&E Value: $500,000
Training/Support
Seller agrees to provide training for 4 weeks at 30 hours per week. Additional training and support from the Seller are available at mutually agreed upon terms between the Buyer and the Seller.
Market Outlook/Competition
Growth can be obtained by expanding into other markets that are being served by the business. The largest customer segment currently served is the farming community. This segment is recession resilient and in high demand, and this business has earned its reputation in the repairs and equipment it can service in this industry.
CA 02100708
NV 1003039
Real Estate Description
The building is 8,450 square feet and sits on a total of 1.73 acres. The property is directly owned by the business. There is solar installed that drastically reduces the electric bill at the business location.
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