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Machine and Fabrication Store with Great Profits for sale in New Orleans, LA

New Orleans, Louisiana (LA)

Asking Price: Gross: Cash Flow:
$ 1,456,000 $ 1,800,844 $ 464,662

Furniture and Fixtures Value:
$ 450,000 (included in the asking price)

Inventory Value:
$ 7,500 (included in the asking price)

Real Estate:
$ 400,000 (not included in the asking price)

Business Summary:
Let this red-hot metalworking business spark your interest!Longstanding and dynamic Machine and Fabrication Shop available for sale with real estate included. With 20+ years of experience manufacturing and repairing machine parts, this versatile machine shop has built a loyal and diversified client base all over the Gulf coast.  90% of sales are repeat customers highlighting their longstanding reputation of quality and service. Owners retiring - priced to sell! Owners willing to stay on for 1-2 years.*Accounts Receivables of $170,000 is included in Asking Price

 

   
Year Business was Established: 1995
   
Number of Employees: 4  
   
Facilities / Terms of Lease: The facility consists of an industrially zoned land parcel 13,000+ square feet, which is improved with a ground level office/warehouse/shop facility. The improvements contain 10,000+ square feet of gross building area.  
   
Potential Growth/Expansion: Huge potential for growth – machine tool consumption up 6.8% from 2016 to 2017. The U.S. metalworking industry is red-hot. The Gardner Business Index (GBI): Metalworking averaged nearly 56 in 2017, which was easily the best year since Gardner Intelligence started the Index almost seven years ago. The Metalworking Index continued to increase in the beginning of 2018, hitting an all-time high of 61.3 in February. The strong performance of metalworking facilities throughout 2017 resulted in a significant increase in machine tool consumption, as reflected by data from Gardner Intelligence’s latest World Machine Tool Survey. Machine tool consumption in the United States totaled $8.142 billion in 2017, an increase of 6.8 percent from 2016. This increase represented the fastest growth rate since 2011, and the second fastest since 2007.  
   
Competition: The company separates itself from its competition by offering specialty products and by priding itself in quality and service.  
   
Owner willing to finance: Seller Financing available  
   
Owner willing to train: Yes  
   
Reason for selling: Owners are retiring  
   
Seller Reference Number: 6603
BusinessMart.com Listing Number: 237607
 

 

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For more info contact:

Michelle Seiler Tucker

Seiler Tucker Inc.
504-525-1717

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