Material Handling Equipment Manufacturing Compa...

Charlotte, NC
Mecklenburg County


Asking Price: Annual Revenue:
Not Disclosed $1,367,000

Manufacturing: Machinery


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RE: Material Handling Equipment Manufacturing Compa... Broker: Bill Law
Owner Financing is Available!

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $1,367,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: ON REQUEST
Real Estate: Not Disclosed
Year Established: 1998
Employees: 15
BBN Listing #: 555038766
Broker Reference #: CHARLNC001-N787

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Business Overview:

This company manufacturers custom equipment for large industrial manufacturers. Many of the products are battery powered material handling related equipment for industries like automotive and other large industrial manufacturers. There business has several engineers who work with the customers engineering departments to make the products. This company sees itself as a solutions provider to his customers needs. Many of the products developed over the years could be marketed to other industries, but the owner of this business is a typical engineer - Very good at designing and building equipment but not very good at sales and marketing. He is now at retirement age and is looking for a buyer with a strong background in electrical or mechanical engineering and hopefully has some sales skills as well. The owner is willing to train as necessary. The company is debt free and there is no mortgage on the real estate with a FMV of approximately $500,000 (18,000 SF on 5 acres in an industrial park). The company has a fiscal year ending March 31st. Sales for the year ended 3/31/19 were approximately $1.4 Million which is a typical year. 2015 had sales of $3 Million and there are some big jobs that look promising which could result in another $3 Million year forthcoming. There is no formal asking price and the Seller has an open mind to price and terms for the right buyer. He is sincere about selling and wants to step away from the business but can be retained for consulting as needed.

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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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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