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Build or Restore Engines for Race Cars

Pinellas County, Florida

Asking Price: Gross: Cash Flow:
$299,000 $183,369 $53,696

Furniture and Fixtures Value:
$411,339 (included in the asking price)

Inventory Value:
$23,000 (included in the asking price)

Real Estate:
$0 ( not included in the asking price)

Business Summary:
53 yr. old Complete Machine shop for sale that caters to building engines for Race Cars. Amazing inventory of specialty machines for this industry in the 4,000 sq foot building. Engine components inventory included. Major distributor of anything race engine related. Unlimited work available in the local racing market if you want it. Current owner slowing down recent years. Almost 80 yrs. old and ready to hand it off, but available to stay on part time or consulting. FT employee also available to stay on. High asset value of the various machines included -- many older machines that are considered priceless in this niche industry. Turn-key operation.

 
   
   
Year Business was Established: 1971
   
Number of Employees: 1 FT  
   
Facilities / Terms of Lease: 4,000 sq. feet building jam packed with machines & parts. Very affordable rent.  
   
Potential Growth/Expansion: Grow it as much as you want.  
   
Competition: More than enough work to go around. Be as busy as you choose to be. Usual mechanic starts at $100/ hour and goes up from there.  
   
Owner willing to train: Will train for 1 week @ $0 cost.  
   
Reason for selling: Retirement/health issues.  
 

 

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