Coal Mining, Heavy Equipment Machine Shop-Booming

Industry

Location

Financials

Business Summary

This heavy industrial professional machine shop is primarily serving the Appalachian Coal Industry and is strategically located in the heart of the booming coal business in eastern Kentucky near the West Virginia and Virginia borders. It has served the Coal Mining Industry of Kentucky, West Virginia and Virginia for more than two decades. Primary business activity is "mining equipment repair and rebuilding, welding and fabrication, steel sales, and sales of replacement parts for mining and construction equipment." However, custom fabrication and unique metal needs, housing for conveyor systems, loading and dock areas, and any custom needs that match seamlessly into the engineering and logistical requirements of site processes. The Shop includes a large steel building with chain-link fenced compound & land. The building is in good overall condition and houses equipment and large amount of parts, and storage typical of a busy machine shop facility with many "work in progress," projects populating the facility and grounds. There is sufficient acreage to add additional buildings and storage. The Shop is strategically/centrally located one of the world's largest producers of low-sulfur bituminous coal in the world! The shop's current net 30, A/R customers number over 100 solid Coal mining, equipment, manufacturing, drilling, excavation, construction and trucking companies in the Appalachian Coal Basin area of eastern Kentucky, West Virginia and Virginia. The company is on course to generate revenues in excess of 3.2 Million Gross Revenues for 2008, while the last 3 years have seen sales reaching 2.9m, 2.8m and 2.65m for 2007,06, & 05 respectfully. This shop is a money maker! The business would be an excellent add-acquisition for an existing LARGE MINE, or large construction organization- immediately add $400k to your annual net income of your Parent company!