New and Remanufactured Engine Parts Machine Shop

LISTING ID # 36550

New and Remanufactured Engine Parts Machine Shop and Complete Welding Facility. High margin, specialty service business! This company is a family owned and operated business for over 100 years. They are a leader in sales of new and remanufactured diesel and gas engine parts. They supply diesel and automotive engine rebuilders, trucking companies, fleet repair, service shops, O.E.M. truck and equipment dealers, waste removal companies, construction companies, and marine repair service companies. Customers also include local, state and municipal agencies and they have serviced the marine, railroad and hydro electric industries. They specialize in remanufactured and new diesel engine cylinder heads, block, crankshafts, turbos and injectors. Complete engine kits are also available with the parts, remanufactured or new. They have a fully equipped 6,000 sf machine shop. The shop includes a full service welding dept, renowned for their scope of work. They offer fabrication or repairs performed in house or on location. Services includes brazing, pre heat welding, tig and mig welding of stainless steel, aluminum, cast iron etc. The client base includes water processing plants, obsolete parts repair, and much more. The business is fully staffed with 4 full time and 1 part time employee. The owner is seeking retirement after a establishing the company’s stellar reputation for quality and service. In the trailing 12 months, the estimated gross sales are approx $1 mil., with an owner’s cash flow of 373,337. These are verifiable figures and the business may qualify for SBA lending. A lease is available starting at 7,500.00/mth. If the owner sells the property, it will be available through PMTG Realty for 1,650,000.00. Taxes are 19,631.00. We are seeking a serious and qualified buyer, ideally with industry background. To qualify for SBA lending, any buyer would need a minimum of $120,000 in liquid funds for the business purchase and a minimum of $165,000 for the real estate, if offered. Liquid funds requirements may be higher depending on your credit score, collateral and industry experience. There is additional inventory of approx. 41,800.00 at the time of listing. Proof of funds will be requested prior to any calls with the owner.