CHARLOTTE, North Carolina
| Asking Price |
$620,000 |
Year Established |
1990 |
|
| Annual Revenue |
$1,151,988 |
Reason for Selling |
Retirement |
|
| Annual P/L |
|
Attention |
|
|
| Annual Cash Flow |
$219,041 |
Listing Number |
944287 |
|
| # of Employees |
3 |
Business Category |
Manufacturing: Machinery |
|
Business Overview:
This small manufacturing company produces custom machinery for small slipform pavers which are used for curbs and gutters, channels, sidewalks, and small barriers. Perfect for a first-time business owner as it has been established since 1990, and serves a nationwide client base - primarily selling to general contractors and direct to cities and municipalities. The company is located north of Charlotte, North Carolina. This business employs a small team of three employees including a shop technician and 2 welders. They work in a 7,500 square feet manufacturing shop where the owner provides quality control of finished products. The owner is selling the business as he approaches his 70s. The seller has offered to provide training to the buyer for a period of six months to one year depending on their capabilities and in order to sweeten the deal, they have offered to carry 10-20% of the purchase price. There are several growth opportunities available for the new owner to explore. These include increasing production by creating a marketing strategy to increase brand awareness and attract new clients. Due to his age, there is little time spent on marketing or business development/ sales.
Property Features and Assets:
<p>Equipment: $41,950</p>
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity