Build or Restore Engines for Race Cars

Business
  • Listing# : 18089
  • Listed Price : $199,000
  • Total Sales : $183,369
  • SIC : 3599
  • Down Payment : $199,000
  • Status : Active
  • Discretionary Earnings : $53,696

Business Type :

Automotive / Auto Engine Rebuilding

Business Description :

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. 

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $23,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $411,339
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $20,518
    • Incl : Yes
    • Total Assets $454,857
    • Incl : Yes

Lender Prequalified: No

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Automotive