Small Machine Shop For Sale

Business description

Fairly new machine shop with newer, efficient computer controlled equipment installed and working. Strong growth in revenues and profits over the past 3 years. Leased equipment in place with bargain purchase options at the end of the leases. The shop needs some marketing to continue to grow and a few more staff will need to be added as the growth happens. Owner is quite busy with day to day machining work and does not seem to find the time to do any further business development. Owner is available to train purchaser for several months or possibly stay on as a machinist. All equipment is high quality and is in very good working condition. This industry is strong in the province of Saskatchewan.

Property information

Real Estate:

Lease

Lease terms:

2 years remaining on lease

Leasehold rent:

$1,400 per annum

Location:

Good industrial area location.

Premises details:

Leased premises of just over 2,000 square feet. Two years remaining on the lease. Right of first refusal on vacant bays in the same building.

Size in square feet:

2,050

Other information

Expansion potential:

Business should be marketed to larger machine shops, manufacturers, and other businesses that require machined components.

Competition / Market:

Many machine shops in the city. Most are larger and do high volume production work. A few smaller, direct competitors.

Support & training:

Present owner will train purchaser on programming the equipment, operating the machinery, and the customer base. Owner may be available to stay on as a machinist.

Reasons for selling:

Present owner recognizes the need to expand the business but is concerned about the time and cost to expand, especially while trying to provide good service to existing clients.

Trading hours:

Generally, Monday to Friday 8:00 AM to 5:00 PM

Furniture / Fixtures value:

$155,000 (included in the asking price)