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    Principal Owner - Nashville, United States - Process Welding Systems, Inc.

    Process Welding Systems, Inc.
    Process Welding Systems, Inc. Nashville, United States

    1 week ago

    Default job background
    Description

    My name is Bill Hackney. I am the owner of Process Welding Systems in LaVergne TN.

    I am looking forward to retirement and I wanted to start searching for my replacement. I have been with PWS since 1994. Although I did not start the business, I took it over in 2008 and have been running it since then. The previous owner decided to finance most of the purchase as I did not have the funds to purchase the company outright. I paid him a monthly amount from company profits and now I own 100% the company.

    I am looking for a replacement who has a desire to run and build a small business. We have 4 full-time employees and one part-time employee. We have a welding engineer, electrical assembler, front office manager, CNC machinist, and a part timer to pick up the slack as needed.

    Why I am not interested in selling it outright is because most people I have talked to express an interest in moving the company out of state. The employees are local and would lose their jobs.

    I would offer a similar deal as the previous owner which was a monthly payment from the profits of the company until it is paid off. It took me 12 years to pay off the previous owner.

    Currently we have a large customer base with new customers joining it every year We sell around $1.3 million a year with $500,000 of that in plasma torch consumables. The company was appraised at $ in 2018. I would ask for $300,000 for the entire company and perhaps a small down payment of, and the rest to be paid out of company profits every month for a yet to be determined number of years at a fair percentage.

    Those interest please contact me via email or phone below.

    Bill Hackney

    Process Welding Systems

    Cell

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