Under Contract - Material Handling Equipment Parts Manufacturer

Financial Information

  • Asking Price: ON REQUEST
  • Gross Revenue: $5,500,000
  • Cash Flow: $850,000
  • Down Payment: ON REQUEST
  • FF&E (Not Included): ON REQUEST
  • Inventory: N/A
  • Financing: Yes

Business Location

  • Berkeley
  • Charleston
  • South Carolina
Primary Business Category: Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing

This company burns heavy steel sheet plate on plasma cutters, CNC Machines parts, smooths edging for the material handling industry. Typical clients would be fork lift manufacturers. The Seller started the business 13 years ago and is at retirement age. They own the real estate and are open to selling it or leasing it, approximately 25,000 SF located in a nice industrial park. Sales have been consistent in the $5M to $6M range yearly with cash flow ranging from 10% to as much as 20% of gross revenues. There is no formal asking price but the seller has price expectations of a 4.5 to 5 X Multiple of cash flow.


Support / Training Comments

Seller will negotiate a transition period


Reason For Sale
Retirement
  • Home Based: No
  • Year Established: 2006
  • Franchise: No
  • Year Acquired: 2006
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences: Business

  • Is Property Leased: No
  • Real Estate Available: Yes
  • Real Estate Included: No
  • Real Estate Value: $1,000,000
  • Real Estate Asking: $1,000,000
  • Fulltime Employees: N/A
  • Part time Employees: N/A
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $0
  • Monthly Rent: ON REQUEST
  • Lease Terms: Available for lease or purchase

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Business Listed by

Sunbelt Charlotte

Contact: Bill Law
Office Phone: 704-897-8232
Mobile Phone: (704) 644-1141 Direct Line
Listing ID: CHARLNC001-N785

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