Established, Profitable Machine Shop
Undisclosed Address, West Warwick, RI 02893
|Catylist Listing ID:
|Building Size (RSF):
|Year Business Established:
|Cash Flow Type:
||Sellers Discretionary Earnings
||Cash to owner
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 $936,000 over the next five years.. There are significant opportunities for growth.
||Metals Components Manufacturing
|Reason for Selling:
|Value of Inventory Included ($):
|Value of Furniture, Fixtures, and Equipment ($):
|Real Estate Status:
|Value of Real Estate Included ($):
|Real Estate Lease Description:
||They lease about 2,000 sq. ft. in an historic mill building. Current lease is month to month.
||3 full time workers
|Mgmt/Training Support Description:
||Sellers willing to stay on for training and customer retention.
||Company has a long standing relationship with core customers.
||Several customers opportunities for expansion
|Seller Financing Description:
||No seller financing
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