My name is John Harner, I have worked in manufacturing over 36 years. I am currently working for Halliburton Energy Services as a Production Specialist / Purchase Agent in Carrollton Texas. Over the past couple of years the company determined to move the majority of the manufacturing to Singapore and removed our manufacturing plant. This plant was deemed to be the premier manufacturing plant in the world and Halliburton has now realized that this level of expertise cannot be provided over seas. For the past year we have struggled to find suppliers who can meet the volume and quality demands for machined steel components and processing elements for our customers. We currently have over 450 million on our log books and are using remote suppliers to provide our manufacturing needs. In an effort to meet this obligation I was instructed to locate local vendors and suppliers and have come up short. I have determined to move into a different direction to not only fulfill my dreams and aspirations but also to fill the void caused from losing this large facility.
The business described below has just come up for sale and I am looking for someone willing to help acquire this already functioning and profitable manufacturing plant to add an entire new product line to double the revenue in the first two years.
If this large scale venture is something that appeals to you please don't hesitate to contact me to discuss the dynamics and details to determine if this is a good fit.
Thank you for your consideration.
Texas Machine Shop - Dallas Fort Worth - Profitable! | For Sale in Tarrant County, Texas | BizQuest.comTexas Machine Shop - Dallas Fort Worth - Profitable! in Texas | Loopnet Asking Price: |
$5,500,000Gross Revenue: |
$3,750,000Real Estate: |
$2,075,000
Cash Flow: | $710,680
FF&E: | $1,300,000
Established Year: | 1978
Listing ID: 1998150
Listing provided by BizBuySell
BUSINESS DESCRIPTION
This DFW-based machine shop has been in business for over 40 years and has outstanding facilities, great equipment, and a full slate of trained employees. They have a great reputation and have successfully survived everything the economy has thrown at them for decades. The company produces high-quality, precision machine work in a variety of metals and other materials.
The company prides itself on being able to fabricate the parts that its clients need. Over the years the company has continually added modern equipment and uses CNC-operated equipment to produce much of its work.
Their highly experienced workforce pays attention to detail and quality and delivers finished products in a timely manner. The company has five administrative staff members, seventeen machinists, and a driver. This family-owned and operated machine shop can take on any custom-made machine part order and they have the capability to produce one or several parts to meet the demands of their clients.
This company is offered for sale for $5,500,000 which includes building and land recently appraised for $2,075,000, equipment recently appraised for $1,299,000 plus inventory and other business equipment.
DETAILED INFORMATION
Location
Tarrant County, TX
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
26,000
Employees
22
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The property consists of approximately 2.31 acres with two buildings totaling 26,000 square feet.
Competition
The company has successfully survived the COVID-19 Pandemic and has grown back to Pre-Pandemic levels!
Growth & Expansion
On track to grow 25% next year.
Financing
Sellers are open to 10% SBA Seller Note (SBA requirement)
Support & Training
Owners willing to stay to provide 1-2 months for transition.
Reason for Selling
Retirement
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