Established Machine and Tool Shop

Lee County, NC

Seller Financing Available

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Sale Pending
Asking Price:$2,200,000
Inventory:$220,000
FF&E:$1,723,945
Established Year:1990
Gross Revenue:$2,094,953
EBITDA:$342,561
Real Estate:$1,750,000
BUSINESS DESCRIPTION

This highly rated machine shop is conveniently located in central/eastern North Carolina with over 30 years of CNC experience serving virtually every industry and sector. With over 25 CNC pieces of equipment in production offering high tolerance milling of a wide variety of metals and plastics this business is well positioned for continued growth. The business offers Swiss and traditional turning, wire EDM and virtually all related metal working such as welding, cutting, deburring, etc. This machine shop can produce everything from a one off prototype and replacement parts to moderate production runs. Many clients have been with the company long-term and a component of the business is recurring work. Employees are long-term and highly skilled. The $3,000,000 retail value of excess inventory is customer made to print work. The wholesale price to buyer will be 10% less than retail (wholesale). The made for print inventory will be in addition to the purchase price.


DETAILED INFORMATION
Location
Lee County, NC
Inventory
Included in asking price
Real Estate
Owned
Building SF
17,500
Employees
17
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business operates from a spacious steel on slab building with plenty of parking and adequate land for expansion. Land and building will be sold at third party bank appraised value anticipated to be between $1,550,000 and $1,750,000.
Competition
This company is able to react quickly to customer requirements and has won projects that turn into long term clients. Focus on quality and maintain ISO 9001 compliance.
Growth & Expansion
Seller suggests expanding into high volume production for clients to maximize utilization. Shop floor automation and ERP system integration would provide additional efficiencies and production data for management use. The business could also increase sales and revenue by adding a second and/or third shift. A proactive outside sales position could be added.
Financing
Dependent upon total transaction value seller may provide up to 10% seller financing.
Support & Training
Seller will provide 80 hours of transition support at no additional cost. Incremental training/transition assistance can be negotiated.
Reason for Selling
True Retirement
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Jeff
Snell, CM&AP, M&AMI, LCBI, ABI
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Jeff Snell, CM&AP, M&AMI, LCBI, ABI