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Businesses For Sale > Business For Sale in Richmond, Virginia (VA)
Precision Metal Fabrication Shop
Richmond, Virginia (VA)
| Asking Price: |
Gross: |
Cash Flow: |
| $ 2,500,000 |
$ 3,312,000 |
$ 750,000 |
Furniture and Fixtures Value:
$ 935,000 (included in the asking price)
Inventory Value:
$ 25,000 (included in the asking price)
Real Estate:
$ 1,900,000 (not included in the asking price)
Business Summary:
This Virginia “S” Corporation, founded in 1992, provides quality machine shop services to major metro market and the surrounding regional marketplace. The company focuses on quality work performed with state of the art equipment in a timely manner. The Company’s staff is loyal, skilled, and highly technically capable ensuring that the company can handle any job its clients need. The Company has several longstanding customer relationships that provide it with a strong/consistent revenue stream.
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| Year
Business was Established: 1992 |
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| Number of Employees:
20 |
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| Facilities / Terms of Lease:
The business is located in a close suburb of a major metropolitan area. The facility is 3,750 square feet in size and located on 4.1 acres of land. A long term lease on the property is available at the rate of $144,000 annually on a NNN basis with a 3% escalator or the real estate can be bought outright for $1,900,000. |
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| Potential
Growth/Expansion:
One of the Company’s greatest strengths also provides its greatest opportunity for growth. Presently, the business produces a strong stable revenue stream from solid customer relationships, word of mouth advertising, and a sparkling reputation in the industry. This assures a buyer they are making an extremely stable investment with a solid revenue stream immediately. Management believes that if a quality salesman were to be brought into the business, the Company could easily grow its revenue immediately. Another option for potential growth is government contracts. The business is in the bidding system for government contracts and as a quality, local, and domestic option the business is attractive to government agencies. These contracts are generally long-term, high volume, and highly profitable. This arena presents significant potential for growth, and may be worth the devotion of one sales person and another to private sector sales. |
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| Competition:
The Company’s strategy of differentiation has yielded it opportunities that domestic firms trying to compete on cost in an offshoring environment do not have. The competitive advantage of having a better product, superior capabilities, and faster service have separated the company from its competitors and enabled it to have sustained success. The future is bright for any acquirer. |
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| Owner
willing to finance:
Third Party Financing Preferred |
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| Owner
willing to train:
Reasonable transition period expected |
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| Reason for selling:
Retirement |
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Seller Reference Number: 2065
BusinessMart.com Listing Number: 50888 |
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To request more information
on this business
please fill out the form shown right 
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For
more info contact:
Ron Rash
MidAtlantic Business Advisors
434.296.8700
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