$2,495,000.00
Asking Price
Status: Active
Posting ID: 281245
4/11/24
Description
Welding & Machine Shop Real Estate Included N. CALIFORNIA SC2137
This Northern California 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 repairs, 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.
Growth/Expansion:
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.
Support/Training:
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.
Financing:
Financing is available for up to 20% is available at 7% interest for 5 years. Financing will be dependent on the price offered and the quality of the Buyer.
Reason For Sale:
The reason for selling is the Seller wants to retire.
Key Details:
CA 02100708
NV 1003039
To get more information about this Welding And Machine Shop - Real Estate Included business for sale in Northern California please phone Adriana Sargent (Intermediary - BRE License #:02100708) at 408-981-7799 Call and 408-981-7799 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #281245 on BizBen.com. In addition to phoning Adriana Sargent, make sure you email Adriana Sargent above to get more info about this Welding And Machine Shop - Real Estate Included, to ask any questions or request an appointment to see this business for sale. Thank you. License # 02100708. Sunbelt Business Brokers of Sacramento.
Contact
Details
Asking Price: $2,495,000.00
Down: $2,000,000.00
Cash Flow: $225,000.00
Revenue: $800,000.00
Area: Northern California
City: None Given
Attributes:
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