In 1923, this business began as a small garage in Newport News, Virginia providing locals with state of the art maintenance and motor repairs for their automobile needs. Since then, the business has grown into a much larger facility that is able to service not only automobiles, but also marine, industrial, diesel, and performance motor needs.
The current business services Include, but are not limited to: Champion race oils, bore/hone/surface blocks, rebuild automotive/diesel cylinder heads, competition valve jobs, grind crankshafts, balancing, surface flywheels, miscellaneous press work, recondition connecting rods, and OEM and competition parts.
From its nine decades in business, this machine shop has earned a name that is well-known and highly-regarded in both the market area and business arena. The business boasts a long roster of longstanding and loyal clientele, and it is consistently able to cover costs with sales revenue. The assets of the business far exceed its liabilities, and all equipment included in the sale is owned outright.
The business has all necessary equipment on-site to perform jobs to bring a motor up to standards and specifications including, but not limited to: cylinder boring/balancing, crankshaft grinding, line boring/honing, valve jobs, and complete rebuilding of diesel heads.
The business has an Excellent online presence and reputation, with a custom website and an active Facebook page.
The assets of the business far exceed its liabilities, and the service delivery process is one that a new owner can easily adopt and carry on. The business could easily increase top and bottom line profits by investing in more advertising and improving the retail aspect of the business.
Currently, the business has 4 active full-time employees. The business has staff and management in place to help a new owner successfully manage the transition, and to provide continuity after the owner's departure that clients know and trust. The business owner is seeking retirement, but is willing to remain involved during a 3-12 month post-sale transition period, and wishes to remain as a part-time consultant for the business after it is sold.
Asking Price $400,000
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