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For Sale: Welding, Machine Shop - Long Established - Glenn County

NDA   |  

Current Status: Active     Posting #: 273910     Last Refreshed: 5/17/22    
Contact: Adriana Sargent At 408-981-7799 Call , 408-981-7799 Text  -  Also Email This Contact Below
Asking Price:  $2,495,000     Down Payment:  $2,000,000     Annual SDC:  $214,843     Annual Gross:  $854,713    
Attributes:  Broker-Broker Coop, Financial Assistance, Training & Support, Real Estate Included, Real Estate Available
This long-established welding and machine shop in Northern California is Sole Proprietorship and was under the current ownership for the past 35 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.

Competition Description
There is one competitor in the area, however, there is so much work that they rarely see the competitor in the marketplace.

Growth / Expansion overview
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. 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.

Support / Training Comments
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 Comments
Willing to finance $495,000 (20%) over 5 years at 7% interest with a monthly payment of $9,801.59

Reason For Sale

The seller would like to retire

Home Based: No

Year Established: 1946

Franchise: No

Year Acquired: 1987

Willing to Train: Yes

Relocatable: No

Required Licences:

Is Property Leased: No

Real Estate Available: Yes

Real Estate Included: Yes

Real Estate Value: $1,250,000

Real Estate Asking: $1,250,000

Days Open: Monday - Friday

Hours Open: 8:00 am to 4:30 pm

Fulltime Employees: 3

Part time Employees: N/A

Is Management Staying: No

Distressed: No

Monthly Payroll: ON REQUEST

Building Size: 8450 sq. ft.

Monthly Rent: N/A

Lease Miscellaneous: No Lease - Property Owned

Broker: ProEquity Asset Management Corporation License ID: 01870526

To get more information about this Welding, Machine Shop - Long Established business for sale in Glenn County please phone Adriana Sargent (Intermediary - BRE License #:02103897) 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 #273910 on BizBen.com. In addition to phoning Adriana Sargent, make sure you email Adriana Sargent above to get more info about this Welding, Machine Shop - Long Established, to ask any questions or request an appointment to see this business for sale. Thank you. License # 02100708. Sunbelt Business Brokers.

Glenn County Welding, Machine Shop - Long Established Business For Sale

Email Adriana Sargent Below About This Posting




No Spam
For Best Results & Response, Email & Phone This Contact: Adriana Sargent at 408-981-7799 Call and 408-981-7799 Text.



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