Machinery & Replacement Manufacturer, With Real Estate Included

Spartanburg, SC Spartanburg County

Asking Price: $5,000,000

Annual Revenue: $6,000,000

Manufacturing: Auto & Transportation

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RE: Machinery & Replacement Manufacturer, With Real Estate Included
Contact: Bill Law

Owner Financing is Available!

Quick Facts

	Asking Price:	$5,000,000
	Annual Revenue:	$6,000,000
	Net Profit:	Not Disclosed
	Cash Flow:	$948,000
	Total Debt:	Not Disclosed
	FF&E:	Not Disclosed
	Real Estate:	$2,550,000
	Year Established:	1947
	Employees:	28
	BBN Listing #:	SB-48903
	Broker Reference #:	CHARLNC001-48903

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Business Overview:

This company has been established for well over 50 years. They have an excellent reputation for building custom equipment and general machining needs. Some products include bag machines, carpet manufacturing equipment and textile products, but numerous industries are served. The owner is in his 80's and is ready to retire. He has a strong staff of employees many of which are cross trained so there is always more than one employee to do any particular job. There is a skilled engineer and draftsman on staff and most employees have been with the company long term. Average production labor runs $17 per hour. Business is very strong right now and some overtime is being run but the operation functions on one shift. Seller is a mechanical engineer and will offer adequate training and transition period despite his age as he is in good health. Principals Only - No Brokers, No Buyer Reps - No Exceptions.

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Reason for Selling:

Retirement

Additional Details:

The property is owned.
The owner is willing to train/assist the new owner.
This is not homebased business opportunity.
This is not a franchise resale opportunity

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