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Industrial supply distributor in the rapidly growing central and Eastern NC markets. The company sales have nearly doubled in 3 years with 2023 sales of $17.5M, with $1.46M sales per employee vs $800k industry standard. EBITDA in 2023 was $1.4M, a 30% growth from 2022. The greatest opportunity for growth is by establishing online sales. The company's premier customer is currently building an approved $5 billion expansion, creating a tremendous opportunity for further growth. Company differentiates itself by focusing on relationships and proactively looking for solutions that can help customers improve efficiency while saving time and money. With two main locations, the company currently services a 120 mile radius, with deliveries by knowledgeable field employees capable of both installation and support, driving customer loyalty.
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This highly rated machine shop is conveniently located in central/eastern North Carolina with over 30 years of CNC experience serving virtually every industry and sector.With over 25 CNC and manual pieces of equipment in production offers high tolerance milling of a wide variety of metals and plastics this business is well positioned for continued growth.The business offers Swiss and traditional turning, wire EDM and virtually all related metal working such as welding, cutting, deburring, etc. This machine shop can produce everything from a one-off prototype and replacement parts to moderate production runs. Many clients have been with the company long-term, and a component of the business is recurring work. Employees are long-term and highly skilled.The ~$3,000,000 retail value of excess inventory is customer made to print work. The wholesale price to buyer will be 10% less than retail (wholesale). The made for print inventory at wholesale will be in addition to the purchase price.This business has decades of experience and has built a reputation of high quality, on-time competitively priced work. Having implemented CNC equipment almost from it's inception the companies capabilities are vast.
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