Established Machine And Tool Shop For Sale

Overview

  • Business services, Services
  • Property Type

Description


Established Machine And Tool Shop For Sale

North Carolina, US

Asking Price:

$1,750,000

Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,498,194
Cash Flow:
$431,915

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 $1,300,000 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.

Property Information

Real Estate:

Real Property Included

Location:

Central eastern North Carolina

Premises Details:

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.

Size in square feet:
17,500

Business Operation

Expansion Potential:

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.

Competition / Market:

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.

Reasons for selling:

True retirement.

Trading hours:

M-F 7am-4pm

Employees:
17
Years established:
33

Other Information

Support & training:

Seller will provide 80 hours of transition support at no additional cost. Incremental training/transition assistance can be negotiated.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Dependent upon total transaction value seller may provide up to 10% seller financing. Note that the SBA no longer requires seller financing and as such has become uncommon.

Furniture / Fixtures value:
$1,723,945 – included in the asking price
Inventory / Stock value:
$220,000 – included in the asking price



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Address

  • City Hong Kong

Details

Updated on January 22, 2023 at 4:01 am
  • Property Type: Business services, Services
  • Property Status: For Sale, New Listing

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