Absentee Owner, Equipment and Manufacturing Machine Shop
Oklahoma
| Asking Price: | $850,000 |
| Gross Revenue: | $395,167 |
| FF&E: | $700,000 |
| Cash Flow: | $195,055 |
| Inventory: | $550,000 |
| Established Year: | 1987 |
Listing ID: 2246043Listing provided by BizBuySell
BUSINESS DESCRIPTION
Focusing on the vehicle and oil industry, this business develops parts for oil drilling rigs and other essential valve parts for sourcing oil. This business is operated by a small crew with 13 machines, leaving huge potential for future growth with a future hands on owner. The owner that is looking to retire from 40 years of working in the industry.
DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Starting in 1987, the owner has been a part of this industry for nearly three decades and has shown to be a resilient industry and consistent.
Competition
The machine shop industry has been a long standing an important industry in the United States. There is a large amount of competition but diversification can create less competitive overview for specific parts.
Growth & Expansion
While focusing on the oil industry, the potential growth in other industries has not been flushed out. With the owner winding down and not focusing on the sales aspect of the business, new business has a limitless potential. Machines can be retrofitted for just about anything that a buyer might be interested in manufacturing.
Financing
Owner Financing Amount $95,000.00 Owner Financing Interest 8% Owner Financing Terms M
Support & Training
# of Weeks Seller Will Offer Training: 2
Reason for Selling
Retirement
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