Well-Established Machine Shop for Sale in Greenville, SC #1823

Revenue:
$5,000,000
Cash Flow:
$1,000,000
Region:
South Carolina
Location:
Greenville, SC
This business has been SOLD and is no longer available. Please visit our main Businesses For Sale page to search all available businesses.

Overview:

This premier tool and die machine shop in business for nearly 100 years has grown into an established, diversified, and profitable business with a loyal and long-standing customer base. The company designs and produces an array of machined fixtures, production tooling, lifting devices, gauges, and other build-to-spec components for domestic and international manufacturers across multiple industries. These fixtures are “grandfathered” into production processes promoting competitive barriers, repeat business, and premium pricing.

The organization has a seasoned team of 20 employees, most of which support production operations, led by two veteran leaders committed to ensuring a successful transition. The facility is operating at approximately 70% capacity, allowing for additional throughput and adjacent market expansion.

The owner does not have a succession plan to keep the longstanding business in the family and is ready to transition the business to the right buyer. The seller’s preference is to include the 19,200 square foot facility in the transaction.

Real Estate: $1,950,000

Business + Real Estate: $5,450,000

Revenue:
$5,000,000
Cash Flow:
$1,000,000

Your Listing Advisor.

Jackson Payne

Jackson Payne

Managing Partner

Jackson spent the first 28 years of his life chasing his basketball dreams. After playing at The George Washington University and Christian Brothers University, he was a coach at the college level for six years. The competitiveness, leadership, and work ethic he learned in athletics have been differentiators for him in the business world as well.

After getting married, Jackson got into business with his father and brother at Rio Bravo Oilfield Services, where he quickly became CFO. This birthed a love for small business, as he developed the financial department from the ground up, sat on the Board of Directors, and touched every facet of the company. He went back to business school, receiving an Executive MBA from Kenan-Flagler Business School at the University of North Carolina in 2015.

After an exit event at Rio Bravo, he worked for a few years at a boutique investment bank, mainly focusing on due diligence of small businesses that were M&A targets. In 2018, Jackson moved his wife, a native Carolinian, back home and founded Wolcott Consulting, a fractional CFO and Exit planning firm.

With over 15 years of experience as a small business CFO as well as business owner, Jackson’s passion is serving entrepreneurs. He understands intimately what it’s like to sit in their seat, both from a professional and personal standpoint. And his goal is to help use this experience to help them achieve their goals.

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