Mfg. - Primary Metal Industries

Asking Price	$525,000	Inventory	$10,000**
Gross Income	$510,918	Real Estate
Cash Flow	$186,466	Year Established	1994
FF&E	$200,000*	Employees	4

* included in the asking price

** not included in the asking price

This company was started by the owner in 1994 at it present location. He had worked for Swagelock Co. for 30 years and decided that he was capable of running his own business. The business is similar to a screw machine shop. It does have older equipment, but all of it is in excellent condition. They occupy 6,000 sq. ft. and the rent is $1,500.00 a month. The land lord will give a new tenant a new lease or a buyer can move the business to another location if he give the landlord 6 months notice he already has an existing business. There are four full time employees that are the machine operators, not including the owner. The owner meets with customers and does the ordering as well as the job quotes. When they get real busy he also is capable of runing any of the machines. The following is a history of the gross sales and the net income that was generated over the last three years. They have a small customer base, eight to nine regulars and an additional four to five that account for a small fraction of the business. Year 2007 2006 2005 Gross $510,918 $528,389 $423,625 Cost Goods245,219 304,958 281,812 Gross Profit265,699 223,431 141,813 Net Profit 176,417 144,837 56,485 ADD BACKS Depreciation ---------- ----------- 10,714 Interest 3,649 5,216 6,944 Travel 50% 6,400 5,250 ---------- Leased Equipment -------- ------ 14,177 S.D.C.= $186,466 $155,303 $ 88,320

Facilities: 6000 sq. ft. with a rent of $1500.00 per month

Growth/Expansion: The company has ISO 9001:2000 Certification which they obtained on December 24, 2007. The Certificate # 12446. This company has been assessed and approved by N.Q.A. ( National Quality Assurance ), They are accredited by the ANAB, and monitored by ANSI-ASQ National Accreditation Board. The Seller has not notified any of the customer base this since he is ready to retire. This certification can and will bring the the opportunity to quote a lot of new jobs.

Financing: No Seller financing is available

Support/Training: Seller will stay with the buyer for one month at no additional cost. After that period the seller will be negotiable for a fee based assistance.

Reason Selling: Retiring