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Overview

Machine Shops and Tools

Established Machine and Tool Shop

Price: $2,200,000

Listing ID: MACHINE2

Entity Classification(M): C-Corp

Year Established: 1990

Annual Sales: $2,094,953

EBITDA: $342,561

EBITDA Multiple: 6.4x

EBITDA Margin 16.4%

FF&E: $1,723,945

Inventory: $220,000

Included Inventory: $220,000

Excess Inventory: $3,000,000

Days & Hours of Operation: M-F 7am-4pm

Full-time Employees: 17

Part-Time Employees: 1

Reason For Sale: True Retirement

Limited Seller Financing: Seller may provide a portion of financing to qualified buyer.

Listing Status: Active


Summary

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 and manual pieces of equipment in production offers 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 (M2P) work. The wholesale price to buyer will be 10% less than retail (wholesale). Approximately 50% of M2P is contractually obligated. Seller estimates that virtually 100% of M2P inventory turns annually. The made-to-print inventory at wholesale will be in addition to the purchase price.

Historical Summary:

This business has decades of experience and has built a reputation of high quality, on-time competitively priced work. Having implemented CNC equipment almost from it's inception the companies capabilities are vast.

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 Opportunities:

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.

Competitive Advantages:

Has recurring business such that slower times can be used to manufacture made to print inventory.

Owner Qualifications:

Buyer should have engineering, machining and design experience or be willing to hire those skills in.

Support & Training:

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

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Jeff Snell, CM&AP, M&AMI, LMCBI, ABI

Principal Broker & Founder – Raleigh, NC

Office: (919) 341-1100

Cell: (919) 624-1124




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Real Estate Transaction Handled by

2009 Caminos Drive, Raleigh, NC 27607

Real estate agent's disclosure Form

Location: Lee County, NC

Real-Estate: Owned for Sale or Lease

Facilities Type: Warehouse

Real-Estate Asking Price: $1,750,000

Monthly Rent: $10,000

Building Square Feet: 17,500

Facilities Description:

The business operates from a spacious steel on slab building (17,500 feet) on just under 3 acres. The facility offers plenty of parking and adequate land for expansion to more than double in size. Land and building will be sold at third-party bank appraised value anticipated to be between $1,550,000 and $1,750,000.