Established, Profitable Machine Shop

Undisclosed Address, West Warwick, RI 02893
Business Opportunity for Sale
Catylist Listing ID: 30602884
Property Subtypes: Manufacturing
Building Size (RSF): See Agent
Sale Price: $925,000
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: 4/1/2021

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

View FullscreenMap

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


© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither East Coast Commercial Property Network nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.