Established Grinding Shop

Undisclosed Address, Illinois
Business Opportunity for Sale
Catylist Listing ID: 30506391
Property Subtypes: Machinery, Manufacturing
Building Size (RSF): 6,000 SF
Sale Price: $300,000
Name of Establishment: Forest City Grinding
Business Website Address: 4844 Stenstrom Rd., Rockford, IL. 61109
Year Business Established: 1980
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash to Seller
Last Updated: 3/23/2020

Overview / Comments

Established grinding business with good customer base. Quality general industrial grinding.

Additional Details

Industry Segment: Other Machinery
Reason for Selling: Owner retiring
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $150,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Currently month to month which makes relocation simple. Could enter long term lease.3
Employee/Labor Description: Stable employee base
Mgmt/Training Support Description: Managing supervisor would intend to stay.
Competition/Market Description: Other grinding shops are in the area. this features quality and a 48" machine.
Growth/Expansion Opportunities: Continue as a stand alone or add to existing established business.
Seller Financing Description: Cash to seller. Would sell receivables.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,640 29,645
Median Age: 39.63 39.18
Households: 3,271 11,775

Contact

Photograph of Listing Agent

Emmett J Gray, SIOR

Key Realty Commercial CMCPEX Member
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