Precision Tools (PATENT) for Critical Mission - Hampton Roads

Portsmouth, VA
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Asking Price:$699,073
Gross Revenue:$490,602
Rent:$385/Month
Established Year:1974
Cash Flow:$301,390
Inventory:$99,073
FF&E:$500
BUSINESS DESCRIPTION

Established as a family-founded and owned business, this esteemed company stands as a beacon of quality and reliability in the area of military service. Strategically located in the heart of Hampton Roads, a center of Naval activity, the company has secured valuable contracts with the U.S. military, underscoring its significance and trust within the industry. Specializing in portable boring bars and valve repair solutions, they offer products specifically tailored to meet the rigorous demands of the U.S. Navy. Each tool is precision-engineered to stringent government specifications, ensuring superior performance and reliability in naval operations. Proudly American made, their products exemplify the highest standards of craftsmanship and quality. This company boasts a global reach, serving satisfied customers around the world. With a steadfast commitment to excellence and a reputation for unmatched expertise, this company continues to support maintenance and repair needs with unparalleled dedication, making it an invaluable partner to the US military.


DETAILED INFORMATION
Location
Portsmouth, VA
Inventory
Included in asking price
Real Estate
Leased
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Competition
It is limited as the company owns patent on the only tools capable to perform technical work.
Growth & Expansion
Massive growth opportunities within contract opportunities for the US Navy and Commercial Vessels.
Support & Training
Number of Weeks Seller Will Offer Training: 4
Reason for Selling
Owner would like to retire, and does not have any family or employees to pass th
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Mark Bernecker
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Mark Bernecker