MergerPlace

Automotive & IndustrialEngine Rebuilding

Cortland, New York (Cortland)


  • Asking Price: $499,000
  • Gross Income: $199,290
  • Cash Flow: $64,579
  • Real Estate: $180,000
  • Inventory: $3,000
  • FF&E: $320,000
  • Listing ID: #207051
  • Established: 1979
  • Employees: 1 FT

Business Description

~Automotive and industrial engine rebuilding business w/real estate
~Long-established strong customer base
~Machinist with 30+ years of experience would like to remain with the business.
~Shop is completely equipped with all necessary tools, both large and small.
~The business consists of approximately 60% industrial and agricultural diesel rebuilding and 40% automotive, with a strong emphasis on antique and special interest jobs.


Business Details

Primary Business Category: Services - Other Services
Location: New York
Metropolitan Area: Cortland
County: Cortland

Company Information

Year Established: 1979
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT

Financial Information

Asking Price: $499,000
Gross Revenue: $199,290
Cash Flow: $64,579
FF&E: $320,000
Inventory: $3,000
Real Estate: $180,000
Seller Financing Available: No

Property Information

Facilities:

3,100 sq. ft. cement block building with a steel roof, attic storage, 3 phase electricity and forced air heating, and with beams and trolleys throughout. Located on a 60’ x 160’ lot. Parking available for ten vehicles.

Growth & expansion opportunities:

There is untapped potential in local industrial, commercial and agricultural engine rebuilding, as well as shaft salvaging using submerged arc welding and OD grinding.

Competition:

The nearest major competitors are thirty miles away.

Reason for selling:

The seller is ready to retire.

Support & Training:

The seller offers a minimum of eight weeks of training to assure a smooth transition.

Contact Business Seller

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Business Listed By:

Blair Sibley

Klassen Ingalls