Home » Businesses For Sale » Machinery, Excluding Computers » North Carolina » Listing BFS-179348

Metal Fabricator, Laser Cutting, Machine & Trailer

This founder of this 26 yr company is ready to retire. The company is a full service metal fabricator with OEM mfg, laser cutting, sheet metal fab, trailer design & mfg, precision machining, machine design & build. The company is on a fiscal year ended June 30th. Sales in 2009 were $7.5 Million with $700k adjusted owner benefit. The prior two years had similar sales and profits. However, sales and cash flow in 2009 have declined largely due to the loss of volume with a major customer and the business has started to lose some money. The owner does not want to put his capital to risk going forward and is ready to sell the business quickly. They have a strong balance sheet and very little debt. A cash sale and stock sale are preferred for this C Corp, but an asset sale will be entertained and seller financing will be considered on a buyer for buyer basis. There is no formal asking price and the seller is receptive to all fair and reasonable offers. The company had 88 employees 3 years ago and now has 20 to 25. This is an ideal business for a buyer who has additional work they can put into the plant. The owner owns the 52,000 SF facility which was recently appraised for $3.9 Million. He only wants to lease the facility but is negotiable on a lease rate.