Fabricator of Parts and CNC Machining that are mostly heavy gauge steel and plate boring, There are 18 active customers. The largest customer is a significant portion of the business (approximately 80%) and they are a fork lift material handling related company. Most all of the parts made by the company are quite heavy and are not subject to having to compete with pricing from China due to the transportation costs.
Total Square Footage is approximately 25,000 to 30,000 but this number needs to be verified. During the fourth quarter of 2013 the Seller added about 3,500 SF of manufacturing space by adjoining the two buildings he had. He also added another 3,500 more SF for warehouse/storage. There is no formal appraisal on the real estate but it is believed to be approximately $1 Million. The business is located about a mile off the interstate in a nice industrial park. The Seller owns the real estate personally and leases it back to the business. He does have a preference to sell the business and real estate together as a package. The business has operated at this location since 2009. The estimated fair market value of the equipment is approximately $900,000
The Seller does prefer a stock sale since he is a "C" Corporation and would be subject to double taxation. The Seller's CPA is aware that the business is being marketed for sale and is knowledgeable about the Seller's business and will play a role in the sale process. Additional Information: Please contact the listing broker, Bill Law at 704-644-1141 or email firstname.lastname@example.org
Required Licenses: Business
Seller Reference #CHARLNC001-N624
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