Specialty: Manufacturing Business
For Sale Charlotte NC

Carolina Businesses For Sale

Tool & Die, Metal Stamping & Remanufacturing

For More Information Contact
Southern Mergers & Acquisitions, Inc.
(904) 819-6930
info@southernmergers.com
Southern Mergers and Acquisitions, Inc.

Business Profile: Tool & Die, Metal Stamping & Remanufacturing

Machine Shop/Metal
Greenville
N799-BL

Purchase Information

Limited Financial Information Available (Sale of Assets)

Financial Information


0 Included
Included
$2,000,000 Available

Other Business Information

1982
65

70,000

N
N
N

Business Description

This Tool & Die business offers a number of services outside of design and building fixtures and special machines as they also have Metal Stamping up to 600 tons, CNC turning & milling, Welding & Fabrication, Design & Engineering, Re-Manufacturing Services for industrial pumps.


 


Customers with revenues in various industries include: $2.9 M in re-building industrial pumps, $1.4M Outdoor Power, $1.2M HVAC, $1.1M Aerospace, $500,000 Electrical, $300,000 Vending and $100,000 Railroad. There was also $4.5 Million in sales related to Press & Stamping.


 


The facility is 70,000 SF with another 30,000 SF leased space for re-mfg.


 


The business has been established almost 40 years and they are a "C" Corporation - as a result the Seller hopes to do a sale of the stock. There are several minority partners in key roles with the operations manager being one of them that is willing to stay several more years. Plant utilization is currently only at about 35%.


 


Fiscal year end September 30, 2019 had revenues of $12,325,470 with over $2 Million in adjusted earnings. With the Covid 19 situation, sales are expected to be just under $10 Million with a low 7 figure cash flow. The business is mostly debt free and they did accept a $819,300 PPP Loan.


 


The majority owner is in his late 60's and is mostly an absentee owner who also owns the real estate. It can be purchased or leased for $20,000 per month with an estimated value of approximately $2 Million. One customer has sales of just under $3 Million with the next two largest customers at about $1M each. There are about 10 other customers with revenue in the $200k to $900k and many other smaller customers. Current product mix is 18% Die Builds, 38% Stamping, 11% CNC Machining, 7% Special Machines, 25% Industrial Pump rebuilds. The plant location is ideal as it is close to numerous Fortune 500 companies within a 100 mile radius.


There is no formal asking price but ideally the Seller would like $6 Million for the stock of the company on a debt free basis plus about $2M in assumption of long term debt to the owner which can be negotiated on terms. The real estate is optional. 

Please Note: All listings herein are exclusive to this listing office as of the date of submission. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE STATEMENT is signed by the prospect.

Southern Mergers & Acquisitions, Inc.

(904) 819-6930

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Southern Mergers & Acquisitions, a Charlotte Business Broker / Business For Sale Charlotte NC

19520 West Catawba Avenue, Suite 111 A, Cornelius, North Carolina 28031 | 704-897-8232

Sell Charlotte Business | Sell Carolina Manufacturing Business | Sell Carolina CNC Machining Business | Sell Charlotte HVAC Business