Asking Price: $675,000

Gross Revenue: $1,500,000

Gross Revenue Comments: 2008

Cash Flow: $150,000

Cash Flow Comments: no debt, total assets $675, liabilities $165

Inventory: $303,000 (Included in Asking Price)

FF&E: $75,000 (Included in Asking Price)

Seller Financing: 10% maximum, 3 years, dependent upon buyers financial strength.

This great niche company which produces a welded steel product lines. It is not a job shop, or contract manufacturer, nor is there any machining involved. The company is a major regional competitor in the fabrication of metal hardware, primarily road and water grating, for the utility industry. FYE 2006 saw a spike in revenue related to a focused effort by the sales staff striving to exceed the $2,000,000 in sales mark after the company began a turnaround in 2000. The company’s customer base has been purposely reduced during the last decade as the company actively moved from the sometimes fickle small contractor markets (whose credit was always an issue) and concentrated its sales efforts to the large major customers for its products. A high percentage of business is from an established customer base with which the company has very long-term relationships. Flexibility of its crew and operations has given the company a reputation for shorter lead times from order to shipment than its competitors. Founded in 1980, it has approximately 20 product lines and 75-100 active SKU’s. Its fabricated and welded products are shipped throughout Oregon, Washington, Idaho, Northern California, Hawaii, American Samoa and Guam.

The current (ABSENTEE) owner has identified other markets and new customers, which could expand revenue growth beyond the industry’s 3-5% normal growth. No capital expenditures are projected for the next 3 years.

Current key management and employees have been with the company for a number of years and expect to remain after the sale. Key employees include one salesperson a production/shop supervisor.

Year Established: 1980

Employees: 12 full time -

Facilities: Operates in 7,500 sq. ft building, on 1 acre. Owner owns land & building personally.

Management Training and Support: Current key management and employees have been with the company for a number of years and expect to remain after the sale. Key employees include one salesperson a production/shop supervisor.

Reason For Selling: Absentee owner is retired. Asking price is Net Assets