Listing Number: 76931-390609
Very rare opportunity to own one of the few players in the automotive specialty area of machining specialty parts on Large Diesel Engines. Owner is retiring but willing to train the right person to take over this legacy company.
The business was started by the family in 1976 in the Houston Area. It has since relocated to its present location where it has been for over 25 years. This area is transforming from Industrialized businesses to retail and residential mixed-use properties. Over time, it would appear this business could take advantage of such trends and relocate to a more cost-effective and suitable area. It is expected the area real estate will continue to increase in value making such a decision to relocate one that is both economical as well as financially beneficial to the new owners.
The business operates within an industry that has very limited competition. On the surface, it would appear there are many competitors in the area and region; however, most are small players that do not have the capabilities of the few bigs in the industry, including this prospective business. Those businesses that do compete, generally do not offer the same level of quality on any scale.
The owner has kept the volume steady but there are clear paths to grow current and upstream segments. The related parts segment is also a clear opportunity.
- Price: $3,444,000
- Down Payment: $2,500,000
- Sellers Discretionary Earnings: $467,203
- Total Sales: $1,700,000
- Location: Harris County, Texas
- Inventory: $200,000
- FF&E: $170,000
- Employees: 10
- Reason for Selling: Retiring
- Category: Machine Shop