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BUSINESS FOR SALE BBN-12251016 Heavy-Duty Manual Machine Shop SUMMARY: Growing Manual Machine Shop in the Greater Houston, Texas area. With personnel and facility additions made during the past year, future growth looks very bright. SERVICES: Provides fabrication, repair and re-building of major metal parts for oil & gas, chemical, power generation, heavy equipment and machine tool industries. CUSTOMERS: The Company works for over 200 customers in a typical year. For the past fiscal year, the Top 20 Customers represented 60% of sales and the Top 5 Customers accounted for 32% of sales. FACILITIES: Owned real estate, including 25,000 square feet of shop space, is appraised at $1.25 Million. Operating equipment (lathes, grinders, mills) and support equipment (overhead cranes) are valued at over $3 Million. Some of the equipment allows them to handle large jobs that other local firms can not compete for. PERSONNEL: The Company has five managers (including the Owner), plus 26 hourly employees. The General Manager (25 years of industry experience) and the Shop Foreman (10 years of industry experience) are already responsible for much of the day-to-day marketing and operational management. All employees except the Owner wish to remain. GROWTH: During the past year, customer backlog has averaged $500,000 to $800,000. With personnel and equipment additions made during the past 18 months, business is poised to handle greater volume. Sales for current fiscal year are expected to exceed $4 Million. Consideration is currently being given to adding a second shift. OBJECTIVE: The Owner is ready to retire after 30 years in the business, but can be flexible with regards to the transition. Owner currently works an average of only four days per week and is willing to work in a consulting capacity if desired by buyer. FINANCIAL: Year Ending Revenue Gross Profit Cash Flow CF % Rev August 31st 2007 $3,301,493 $1,865,546 $745,434 22.5% 2006 $2,245,703 $1,138,590 $286,642 12.8% 2005 $2,109,957 $1,141,354 $369,558 17.5% PRICE AND TERMS: The Owner is asking $4.8 Million for the stock of the company (includes ownership of land, building and equipment, free of debt). Owner willing to consider some seller financing for qualified buyer. Listed by FG FOR ADDITIONAL INFORMATION CONTACT: Don Kirchoff Phone: 281-335-1200 Fax 281-335-1246 firstname.lastname@example.org www.kpcompany.com 1419 Pirates Cove; Houston, TX 77058 Information provided is from sources deemed reliable, however no representation is made as to its accuracy. This profile is necessarily brief and may be subject to errors, omissions, prior sale or withdrawal.
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