Machinery & Replacement Manufacturer, with Real Estate Included

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Manufacturing Businesses for Sale

  • Primary Category: Tools & Machine Shops for Sale

This company has been established for well over 50 years. They have an excellent reputation for building custom equipment and general machining needs. Some products include bag machines, carpet manufacturing equipment and textile products, but numerous industries are served.

The owner is in his 80's and is ready to retire. He has a strong staff of employees many of which are cross trained so there is always more than one employee to do any particular job. There is a skilled engineer and draftsman on staff and most employees have been with the company long term. Average production labor runs $17 per hour.

Business is very strong right now and some overtime is being run but the operation functions on one shift.

Seller is a mechanical engineer and will offer adequate training and transition period despite his age as he is in good health. Principals Only - No Brokers, No Buyer Reps - No Exceptions.

Financial Information

  • $5,000,000 Asking Price
  • $948,000 Cash Flow
  • $6,000,000 Gross Revenue
  • On request Down Payment
  • Yes Financing

Business Location

  • City: Spartanburg
  • State: South Carolina

Reason for Sale

  • Retirement

Detailed information

  • Year Established: 1947
  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Lender Prequalified: No
  • SBA Prequalified: No
  • Full-Time Employees: 28
  • Part-Time Employees: N/A
  • Contractors: N/A
  • Owner Worked Hours/w: N/A
  • Inventory Included: No
  • Inventory Value: $400,000
  • Monthly Rent: N/A
  • Real Estate Available: Yes
  • Real Estate Included: Yes
  • Real Estate Value: $2,550,000
  • FF&E Included?: No

Training/Support

  • Seller will negotiate a transition period

Real Estate Description

  • Included in sale price
Business Listed by
image of Bill Law
Bill Law
Sunbelt of Charlotte
Show Phone Number
Listing ID
CHARLNC001-48903
License Number
FL #BK3246701

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