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Aug 4, 2019This company offers the ultimate in longevity and survived the recession with a clean, debt free operation! Great as a standalone operation or as a strategic purchase for the right company. Work is received by the shop by reputation and word of mouth, there is no active sales person or campaign. Be part of the Las Vegas Re-Birth and take advantage of neighboring state growth as well! The company does NOT rely on any one industry or client which helps ensure their continued success. The business is a machine and metal fabrication shop operation located centrally in the greater Las Vegas metropolitan area. Their extensive client list includes hotels, public transportation companies, major manufacturing companies and many businesses that require quality machine work. The company is one of the longest operating machine and fabrication shops in town with direct roots to Las Vegas history. With virtually no competition in Las Vegas this highly established company dominates the custom machining market and has further opportunity by offering CNC. In addition, there is growth potential by just accepting jobs in neighboring states and beyond. The leased building/space is approximately 12,000 square feet in size situated on approximately 2 ½ acres of land with plenty of yard space for larger projects. The building door openings are sufficient for cranes, forklifts, large trucks, etc. to move in and out of the building, and the electrical supply is sufficient to operate the machinery necessary for the projects. Seller states there is plenty of opportunity for growth, with the right energetic buyer they can just "turn up the volume". The seller just prefers not to take on more work as he is approximately 25-30 hours per week and is ready to retire. Seller states they have two groomed employees to take over his position with a small increase in salary. Projected 2018 - $1.8m, $502k adjusted net. 2017 $1,720,796 adjusted net $436,193. Equipment value quoted directly from balance sheet at $1,112,677. Take advantage of long term established relationships with the company’s extensive client list the right buyer will cultivate more business simply through client contact. Seller will assist with smooth transition period. Qualified Buyer must provide proof of funds for full financial package.
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