This is a full service CNC Machine Shop with metal fab capabilities and Tool & Die. Most of the employees have been with the company many years. The owner is mostly hands off now and allows two key employees to run the business. One customer accounts for 60% of their work but most of this is repeat orders. It is a a Fortune 500 company focused on quality and has been a customer many years.
The second largest customer accounts for 20% of the work and another accounts for about 10% while the remainder is spread among many smaller ones. There is no sales force but the Greenville, SC is well known for having a lot of business and someone can easily grown the business and expand the customer base.
There is no formal asking price for the business but the Seller estimates the fair market value of his equipment to be about $750,000 as there is over $2 Million of accumulated depreciation on the books. There is no formal appraisal on the real state but the Seller estimates it should have a fair market value of at least $750,000. The final price of the real estate will be subject to a third party appraisal. The Seller only wants to sell the business and real estate as a package. It is likely this will factor well into an SBA Loan. The sales and cash flow shown are the most recent two year averages. Please note that this is a "C" Corporation and the seller would prefer a stock sale for tax reasons but is receptive to an asset sale that can be structured tax friendly.
Required Licenses: Business
Seller Reference #CHARLNC001-N711
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