Property ID : WSD24.287
For Sale $1,697,600.00 - Manufacturing
DESCRIPTION:
- A Well-Established Metal Machining and Fabrication Business located in the Greater Rochester NY area
- Has been successfully and profitably operating for over 17 years
- Manufactures Precision Very Large (up to 150” x 80” x 36”) down to Small Parts as per customer’s specifications
- Operates within a 12,000 Square Foot Facility
- Has a large Customer Base in the Automotive, Optics, High Technology and other industries
- Equipment includes CNC Horizontal Boring Mills, CNC Machining Centers, CNC Lathes, and several pieces of Manual Mills, Grinders, and a Welding and Fabrication Station.
ASSETS/FIXTURES/EQUIPMENT: Included in the asking price:
- Furniture, Fixtures and Equipment at a Fair Market installed Certified Appraised value of $ 913,800
LEASE ARRANGEMENTS:
- 12,000 Square Foot Facility
- Gross Rent is $ 4,905 per month with the current lease expiring on March 31, 2024 with options to renew
- With 90 days notice, the lease can be terminated
- Tenant pays all utility costs within the premises
INCOME AND SDE:
2021 2020 2019 2018
Income $ 1,519,034 $ 1,240,306 $ 1,513,619 $ 1,460,862
SDE $ 250,642 $ 132,923 $ 323,995 $ 256,348
(4 months for 2022) Income $553,225, SDE $61,844
PRICE/FINANCING:
The Asking Price is $ 1,697,600
COMMENTS:
An Excellent opportunity for any existing Metal Fabrication Business to acquire excellent accounts, equipment, and a highly trained work force to increase their sales and profits
