This is an asset sale that is comprised of equipment valued at over $200,000 and a 12 year lease valued at $340,380. All this for $339,000. This makes the effective monthly rent to be $2,363.75 with title to the equipment all thrown in at no cost. The lease is for a 14,000 sf building that is fully equipped to do Industrial and structural metal to customer specs. The building has 7 overhead doors.
The Normco past company profile states that they are: Manufactures Fabricated Plate Wrk Manufactures Sheet Metalwork Structural Metal Fabrctn Ultraviolet welded UV sheet assemblies, Sonic welded sheet assemblies, Solvent welded sheet assemblies, Bonded sheet assemblies, Bolted sheet assemblies, Fabricated sheet assemblies, Welded or brazed sheet assemblies, Riveted sheet assemblies.
Title to the equipment includes:
All office furniture, drafting table and tools, 22,500lb Hyster forklift, 6,000lb Baker forklift, 4,000lb Otis forklift, 2 Miller 40 diesel welders on skids, 14 electrict welders, drill press, 2 five ton overhead cranes, Delaurice hydraulic press break hydraulic pipe benders, 2 air compressors 1999 Ford diesel flatbed truck, plate and drum rollers, plus much more. Complete list to be provided with signed NDA.
The estate that manages the lease will give renewals to the buyer at an extremely low rate. The seller of the equipment is very motivated and will look at all reasonable offers.
This was a 50 year established business, and it has been closed for some time now.