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Global Business Brokerage Inc. where you will experience a "World of Difference"
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Industry: TOOL/MACHINE SHOP
This is a GREAT BUSINESS - DON'T THINK ABOUT IT TOO LONG!!! Geography: Great Tampa Bay Area - Clearwater, FloridaLocated in Pinellas County (Clearwater, Florida) this well established business, is strategically located “right in the middle of the area’s high tech, space industry, medical industry and data communications area. This proximity to the customer facilitates one-on-one interface and communications with the Design Engineer during the product development stage. In fact, many of the customers have their Design Engineers, hand-carry their purchase orders to this business to talk directly with the Owner, while discussing last minute details for the part to be produced. Asking Price: $135,000 with ONLY $70,000 Down with Owner Financing for 36 months @ 6% interest. GREAT TERMS! The information below is taken directly from the Federal Tax Return, Form 1120S. Sales: $140,913 Owner Benefit: $ 65,848+++ Established: 1991 – 16 Years – Same Owner
Can you grow the business? Absolutely! There is room and equipment here to hire 3 more tool and die employees. “THIS IS THE BEST OF THE BEST CIRCUMSTANCES IN BUYING A BUSINESS”. The current owner is 63 years old with some minor health issues. For the past three years, he has only worked 25-30 hours per week. He loves his business and wants to continue working 15-20 hours per week. The current owner wants the Buyer to continue servicing his existing clients in the same manner of excellent quality and service. If I were buying this business, where would I ask this owner to work his 15-20 hours per week to get the “biggest bang for the buck”? Of course, the answer is marketing to the existing customers and every potential customer in the area. The current owner believes he could easily grow the business beyond $500,000 per year. Then if you added some equipment, the sky would be the limit. Think about it! You may not appreciate how important the above statement really is to your success. Consider the possibilities; He knows the businesses in the area, they respect his quality of service and know that he has sixteen years reputation built up. OK, not to beat a dead horse to death, but think seriously about the potential value ($$$ Dollars) you could earn on an annual basis. At sales of $500,000, you could easily earn $250,000 – NOT BAD for a down payment of $70,000 for this business. Inventory: $12,000 +/- (All Current Raw Materials) FFE (Furniture, Fixtures and Equipment): A complete detail by individual line item is available in the Broker’s Office. Listed below is the equipment you need to know about to make an informed decision at your residence (Alaska, London, Milan, Boston) to take the next step in your evaluation process and meeting with the Owner in Florida.
PARTIAL EQUIPMENT LIST: 2 vertical mills 9 X 42; 2-3 axis digitals Vertical Mills Birmingham Model BPS 1642 – 1993 S/N 93437 Supermax – 1985 S/N 85-1114753 1 vertical mill 10-54 3 axis digitals Birmingham Model BPS 1649 – 2001 S/N 021476 1 lathe 13 X 40 Supermax Model LE-1340 (with draw bar) – Digital Readout 1 roll-in saw 8.75 X 8.75 (on wheels) 1 surface plate 5X24X36 (on wheels) 1 hydraulic die cart 1 5 HP, 2stage, 3 phase air compressor 1 air conditioner, central 1 drill press (assorted hand arbor presses) 1 1” belt sander 2 pedestal grinders 1 deep throat (24”) scroll saw (on wheels) Dell Computer, Printer, Monitor (Additional Detailed Equipment List, including Misc Tools, Measuring equipment, Office Equipment and shop equipment is on file at the Broker’s Office). Customer Base: Listed below is a sample of the customers and the products they manufacture. As you will notice, reliability, very close tolerances, and consistency are critical in these applications.(Customer names are not revealed due to confidentiality)
Facility: 1,200 Square Feet. Lease is for 3 Years. The Seller is currently negotiating a new lease. The monthly rent is projected to be just under $700 per month total. The new lease will be finalized shortly and transferable to the new owner. The facility is in a typical multi-unit warehouse with air conditioning. There is a small 10 X 10 office for the owner. The monthly electrical bill for Dec/Jan 06 was $98.92 and Security Monitoring equipment at $108.00/Monthly. The electric bill will increase during the summer months. A copy of the leases (terms & conditions) is available in the Broker’s Office. The business is located in an incorporated area so no occupational license is required. Current/Typical Weekly Backlog: For estimation purposes, I took a look at the orders booked and shipped for the week of 12/18 (the last full week of 2006): Week 12/18/06 Orders received $4,127.01 Material Costs - 451.62 Gross Profit $3,675.39 Labor Costs -1,804.95 Owner (Profit) Benefit $1,870.44
SUMMARY: For an initial investment of $70,000 (Down payment) you receive inventory of $12,000+, equipment valued at $29,583 and if you continue to manage the business as the current owner has for the last 16 years, you could receive an owner benefit of $65,848. This is obviously not even considering the growth potential as is stated above. It is very possible to grow this business within 18 months, to an owner benefit earning of $250,000+++. ACT NOW & CALL THE BROKER! Here are additional reasons why you might want to buy this business: The Tampa Bay Area (Clearwater) is a growing community with everything imaginable to do, with great industry & infrastructure to support it. Climate – what’s not to like?? – average temp of 80 degrees - all year long Location – a few miles from some of the most beautiful beaches in the (but not in a flood or Hurricane Zone) Affordable Housing, with great neighborhoods, good schools, and an abundance of churches Youth activities ( a great place to raise a family) Great medical facilities and retirement living Enjoy eating out? You can go to a different restaurant 365 days per year All the sports activities you could possibly imagine; Professional Football, Hockey and Baseball Shopping & Entertainment galore! Golf Courses – two of the best in the world – Innisbrook & Saddlebrook, plus unlimited golf clubs and courses throughout the area. Boating, water sports, fishing & unparalleled recreational facilities such as golf, tennis & every sport imaginable, all within a few miles. WE COULD GO ON FOR PAGES...BUT HOPEFULLY, YOU GET THE PICTURE - THIS IS JUST A GREAT PLACE TO LIVE!!!
PHOTOS AVAILABLE FROM THE BROKER. Viewing: Prospective buyer financial qualification required prior to further disclosure and showing. Disclosure: Global Business Brokerage, Inc. has on file the signature and the Sole and Exclusive Right to Sell Listing Agreement, Equipment List, Lease and Cash Flow Analysis. Information provided herein has been provided by the seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. This business will not last long – call the Broker today.
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