Charlotte CNC Machining & Metal Fabrication - Job Shop

Business Overview:

Design, Machining, Fabrication, Welding, Prototypes, large scale production runs, assembliesGross Revenues 2023 is on a run rate of $12 Million in sales with approximately $3 Million in adjusted earnings all on a one shift operation. This is about 20% more in gross sales than 2022 and twice the profitability. Normal jobs are 500 pieces and no production runs. They do occasionally take on a project which was the case in 2022 for about $2 Million.There is no engineering done on site as they build to print. They do not do any wiring or electrical work but do a good bit of assembly including piping as needed. An integrator handles wiring needs. The company is capable of doing Prototype work.There is no formal asking price at this time, but the Seller likely has price expectations of close to $10 Million for the business. A stock sale is likely preferred as there is over $5 Million in accumulated depreciation on the books. Additional Information: Contact Bill Law, the listing broker at 704-904-6624 or email bill@sunbeltbrokers.biz

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Property Features and Assets:

There is an approximately. 19,000 SF facility for the CNC Machining operation and corporate offices with an estimated Fair Market Value of $1.2 Million. Just 4 miles down the road is approximately. 17,000 SF facility that houses the laser and fabrication side of the business. This property has an estimated fair market value of approximately $1,000,000 (total of $2.2 Million on the two facilities). Both facilities are owned personally by the Seller and are available for sale or lease.

Market Competition and Expansion:

Sales are largely generated by word of mouth, reputation and referrals.

Reason for Selling:

A substantial amount of the Seller’s net worth is tied up in the company and he would like to cash in as he has already partially retired.

Additional Details:

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