Sheet Steel Processor
(ID: 1068429)
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$199,000
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$500,000
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$85,000
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n/a
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$200,000
**
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$250,000
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Business Description
This excellent business takes coil stock steel and levels it (flattens it) and then shears it into blanks according to customer specifications. Some steel is very precision sheared down to +/- .005 tolerances. These blanks are used in final fabrications for anything from sunroofs to exhaust parts for Caterpillar. The level line is capable of 72" x 12 guage and can hold 30,000# coils. Included in the sale are 4 precision shears, a level line and 4 hi-lo's that range in capacity from 5-8 tons. The real estate is not included in the sale (but available) and is set up for efficient flow of materials and inventory. This is a service business therefore the inventory is owned by the customer, there is no investment in steel. However, enough room exists to expand the business to do slitting or other metal fabrication services. This will be an excellent opportunity for an ambitious hard working individual looking to grow the business.
About the Business
Year Established:
1980
Number of Employees:
3
Facilities:
36,000 sf of industrial space with adequate overhead cranes, loading bays, scales to handle many times the current volume of business.
Market Outlook/Competition:
Current economic environment is holding down sales. However as manufacturing picks up demand for precision sheared steel will improve. Historically this business follows general industry trends. None in the services that seller currently provides.
About the Sale
Reason For Selling:
Retirement.
Training/Support:
Seller will train, however buyer should have industrial manufacturing experience.
Seller Financing:
Cash preferred, some seller financing possible.
