This Charlotte Area machining company caters mostly to the medical industry but does also work for others in the packaging and general industries. Half of their work is machining related while the other half is for design, engineering, repair and mold making. They also do some plastic injection molding on site.
The business was founded by the owner decades ago and he is now looking to retire. This business is a first-class business in a state-of-the-art facility. They have an excellent reputation in the industry for quality work and service.
The business has many very skilled people most of which are young to middle aged with an excellent management team in place. The business is a "C" Corporation on a calendar year and the owner is receptive to a stock or asset sale.
There is no formal asking price, but the owner does have price expectations of approximately a 5 multiple on current year adjusted earnings and in 2021 they were just over $950,000 on sales of $4.2 Million. Calendar year 2022 is expected to be similar to last year.
The Seller does have a preference to sell his business to someone who is already in the mold making and repair business if possible but is receptive to all others familiar with machining. Principals Only, No Buyer Reps, No Exceptions. Bill Law, listing broker firstname.lastname@example.org cell 704-904-6624 All buyers must sign an NDA before additional information can be provided.