Absentee Owner – Machine Shop for Sale

 

Asking Price : $298,000 

Revenue: Above $1,017,000

Owner Operator(s) Discretionary Earning: On Demand

 

• This is a unique opportunity to own an ISO Certified Machine Shop that has an excellent reputation for quality and timely work

• This business was originally established more that 25 years ago and was purchased by current owner in 2014

• The current owner has a full-time job and is unable to pay desired attention to this business

• The current owner has maintained the same level of sale (approximately $900K annual) since the purchase of the business, however he has hired more employees and hence the profitability of the business has suffered over past few years

• Since the acquisition, the new owner has spent a tremendous amount of money to enhance the business including purchasing a new machinery at a cost of $150K, branding and advertising, getting ISO 9001 and welding certifications etc.

• Business operates from rented facility in Mississauga

• Well established workforce is in place; some employees have been with the business for many years

• Enjoys relationship with many loyal and repeat customer base

• Ideal buyer would have hands-on experience working in a machine shop