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Tuesday, July 26, 2016

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Machine Shop - Re-Sharpener & Manufacturer

This company was founded by the current owner over 20 years ago. They service the primary and secondary wood industry tooling, metal industry, and TS Diamond Tipped Tooling. Customers range in a 5 state territory around NC. There are a handful of salesmen that cater to the customers needs handling pick up and delivery weekly.
Sales in 2008 and 2007 exceeded $5 Million. Employment peaked then at 74 and is now 54 due to the recession and shortage of working capital. The company has many CNC Machines (computerized), one of which cost $1 Million and is capable of hi precision sharpening. The owner realizes the company grew too big for him as he considers himself a technician and good in production, but lacks the administrative skills necessary for a business this size.
The business is housed in a 24,000 SF building and real estate, and is owned by the seller. It may be purchased or leased. There is no formal asking price on the business or real estate and the Seller is receptive to all fair and reasonable offers.

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