Design, Machining, Fabrication, Welding, Prototypes, large scale production runs, assembliesGross Revenues 2023 is on a run rate of $12 Million in sales with approximately $3 Million in adjusted earnings all on a one shift operation. This is about 20% more in gross sales than 2022 and twice the profitability. Normal jobs are 500 pieces and no production runs. They do occasionally take on a project which was the case in 2022 for about $2 Million.There is no engineering done on site as they build to print. They do not do any wiring or electrical work but do a good bit of assembly including piping as needed. An integrator handles wiring needs. The company is capable of doing Prototype work.There is no formal asking price at this time, but the Seller likely has price expectations of close to $10 Million for the business. A stock sale is likely preferred as there is over $5 Million in accumulated depreciation on the books. Additional Information: Contact Bill Law, the listing broker at 704-904-6624 or email [email protected]
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