Northern California Welding and Machine Shop - SC2137

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Northern California Welding and Machine Shop - SC2137

Listed by Business Broker
Northern California Welding and Machine Shop - SC2137

Asking price $2,495,000

CA


Cash Flow: $225,000

Gross Revenue: $800,000

EBIT DA: No Data

FF&E: $500,000

Inventory: $600,000

Established: 1946

Type: Independent

Business listed by:
Brett Sargent
Sunbelt Business Brokerage of Sacramento
(916)8002090


Business Description:

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 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. 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 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.

 

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

Financing is available for up to 20% is available at 7% interest for 5 years. Financing will be dependent on price offered and quality of the Buyer.

 

  • 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: 1  
  • Is Management Staying: No  
  • Distressed: No  
  • Monthly Payroll: ON REQUEST  
  • Building Size: 8450 sq. ft.  
  • Monthly Rent: NEGOTIABLE  
  • Real Estate Description: The building is 8,450 square feet and sits on a total of 1.73 acres. The property is directly owned by the business. There is solar installed that drastically reduces the electric bill at the business location.

 

Broker: ProEquity Asset Management Corporation License ID: 01870526


Selling Reason:

The reason for selling is the Seller wants to retire.

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