1038 Triplett Blvd - Manufacturing FOR SALE


Akron, OH 44306- East Akron
$650,000 USD
440-862-0352
1038 Triplett Blvd, Akron, OH for Sale
$650,000 USD
Manufacturing - FOR SALE
1/53
null | Request Cap Rate

1038 Triplett Blvd
Akron, OH 44306
East Akron


HIGHLIGHTS

  • Great Platform for Growth
  • Long-standing Client with Consistent Orders
  • New Mother-board in the CNC Machine

OVERVIEW

This Business opportunity is located in a robust commercial area. A national truck carrier is located nearby, Akron University with its programs on CNC Machining, Manual Machinist Certification Programs, and UA Manufacturing Certification programs, offers quality trained apprentices to boost your labor force, This area and the real estate included with this business is poised for growth for an owner operator. Originally founded in 1981 as a father-and-son enterprise, the business grew to include eleven employees with two in the office and sometimes working two shifts. In the last five years, the owner has suffered health issues and must retire. In 2022, a heart attack kept operations to a minimum with the help of a trusted friend in the business. Today, a long-standing client with consistent orders for more than 2-decades of loyalty to the shop, just placed their largest order yet and the owner is working overtime to complete it. There is a wide array of machinery that varies in age and condition. the CNC machine is newer and has had a complete motherboard replacement in the last few months. Presently, this is an owner/operator business with the owner as sole employee. Quickbooks handle accounting with the oversight of their accounting firm. Length of time to train an owner-operator or employee manager is one month or less depending on their skill level. The company is profitable and as recasted for personal expenses, clearly supports debt service for the purchase with room to grow immediately. This business opportunity is a launchpad for growth.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Akron Area Machine Shop Business For Sale

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

16 Ft

DOCKS

1

DRIVE INS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1

LAND SF

43,560

ZONING

Light Manufacturing

APN/PARCEL ID

68-37900,68-37920,68-54453

ASK ABOUT THIS PROPERTY

Robin Brower, CBI, CEPAColdwell Banker Commercial SFOCMore Info
440-862-0352

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Robin Brower, CBI, CEPAColdwell Banker Commercial SFOCMore Info
440-862-0352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.