Metal Machining & Fabrication

Gastonia, NC (Gaston County)

Seller Financing Available
Machine shop for sale gastonia nc

Asking Price:$895,000

Cash Flow:$209,139

Gross Revenue:$2,481,000

EBITDA:N/A

FF&E:$500,000

Inventory:$163,000*

Real Estate:$1,395,000*

Established:1997

*not included in asking price.

Metal Machining & Fabrication

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Business Description

This well equiped machine shop and metal fabrication shop was recently the victim of employee fraud that has put the business in financial distress. Previous to the fraud in 2012, the company had $2.8MM in sales with an SDE of $535k, these results are achievable again for a new owner who will have the working capital resources that were stolen from the current owner.

Capabilities are wide and provide a great value to a range of customers within a 100 mile radius of Gastonia.

Laser Cutting
• production cutting of stainless steel through 3/4" thick
• clean cut stainless steel through 3/8" thick
• aluminum materials through 1/4" thick
• Laser Cutting of non-ferrous materials such as Plastic, Wood, Paper, etc.

Sheet Metal Fabrication
• manufacturing precision sheet metal parts, weldments and complete assemblies made from mild steel, stainless steel, aluminum and other metals

Precision Machining
• Machine shop is primarily to support our metal fabrication and machine building operations plus production machining on CNC vertical machining centers and CNC turning centers

Capabilities and equipment include;
Full machining, CNC machine centers
water jet cutting
laser cutting
Powder coating
Grinding
Fabrication

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
58,000 SF facility with ample space for growth, comprised of 30k SF of production space. Facility is for sale and business could be relocated to lower operating cost or remain and grow into the building.
Competition:
This is a turnaround opportunity. An expereinced buyer will see potential to reduce cost and increase sales.
Growth & Expansion:
The Company was generating over $3.5MM in sales in 2007, the recession impacted the business followed by employee theft. Former large customer is now returning that will add $400k/yr in revenues.
Financing:
Negotiable with a qualified buyer
Support & Training:
Seller is willing and able to remain on with the business as needed for training and support. He is also available to work with a new owner in a sales role.
Reason for Selling:
Employee Fraud caused financial distress in the business

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Francis Randoph

Business Listed By:
Francis Randoph

The Hatteras Group

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Sponsoring Broker:
Alan Clark

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