Established, Profitable Machine Shop

Undisclosed Address, West Warwick, RI 02893
Business Opportunity for Sale
Sale Pending/Contingent
Catylist Listing ID: 30602884
Property Subtypes: Manufacturing
Status: Pending/Contingent
Building Size (RSF): See Agent
Sale Price: $900,000
Year Business Established: 1991
Gross Revenue: $820,000 (Annual)
Cash Flow: $400,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Sale Terms: Cash to owner
Last Updated: 11/8/2020

Overview / Comments

This machine shop, for the past 29 years, has made machined nozzles and parts for manufactures extrusion machinery. These machines are widely used in the energy industries and a wide variety of other manufactures of containers. The company had a very good year in 2019 with revenues growing over 23%. Gross margin was 78%. Operating expenses including wages except for one owner were 30% of revenues. The owner was able to take out over $143,000 in cash during 2019. Even with revenues growing at only 3%, the new owner would realize a net present value 42% return on an investment of $936,000 over the next five years.. There are significant opportunities for growth.

Additional Details

Industry Segment: Metals Components Manufacturing
Reason for Selling: Retirement
Value of Inventory Included ($): $14,000
Value of Furniture, Fixtures, and Equipment ($): $166,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: They lease about 2,000 sq. ft. in an historic mill building. Current lease is month to month.
Employee/Labor Description: 3 full time workers
Mgmt/Training Support Description: Sellers willing to stay on for training and customer retention.
Competition/Market Description: Company has a long standing relationship with core customers.
Growth/Expansion Opportunities: Several customers opportunities for expansion
Seller Financing Description: No seller financing

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,374 68,888 134,801
Median Age: 39.6 41.72 42.72
Households: 7,090 29,454 54,697

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