Precision Machine Shop Bay Area BTI 8494.
The seller has dropped the price to $250,000 cash or $300,000 w/$150,000 down and a seller carry for 60 months @ 6% interest due to a critical health issue. This is a local bay area precision machine shop in business since 1992 and the husband and wife owners are ready to retire. The owners are claiming an apx. annual run rate of over $800,000 in gross revenues and over (call for net) in net income for the 12 month reporting period of 2017. A buyer will have to recognize the company's potential and earnings history with a site visit and review of their financial information. Once an offer has been accepted due diligence should justify the asking price. They report 80% of their business is prototype and 20% production runs split between parts for clean air, gas and construction 37% / Semiconductor 30% / Medical @ 18% / Robotics 10% and Packaging 5%. They are a ISO Certified company and have been in business since 1992 providing high quality work for local manufacturers. Both of the owners, husband and wife leave for their retirement home near Sacramento by Wednesday or Thursday and run the company remotely on those days and report they only devote 40/50 hours to the company business between the two of them.
Business Category: Manufacturing Purchase Price: $250,000 cash
or 300,000 with Seller financing @ 50%
Down Payment: $250,000 Inventory: $0
Size (Sq. Ft.): 6,200 Rent: $4,396 Lease Exp: 01/31/2018
Need New Lease? Yes Landlord has quoted a Gross Lease @ $1.00 a square foot
Option Yrs: 0 Sec. Dep: $4,500 Org. Type: Sole Prop Seats: 0 Parking: On Site
Employees: FT: 2, PT: 0 Owners: FT: 0, PT: 2
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