Profitable Stainless Steel Fabrication Company

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Asking Price:
$388,000

Gross Revenue:
$159,000
Cash Flow:
$110,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$400,000
not included in asking price

FF&E:
$240,000
included in asking price

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Business Description

BE YOUR OWN BOSS! 35 YR OLD GROWING PROFITABLE STAINLESS STEEL FABRICATION COMPANY!!

WHY WORK FOR SOMEONE ELSE!! This 35 yr old GROWING and PROFITABLE stainless steel fabrication company has HUGE GROWTH POTENTIAL! Complete TURNKEY operation all equipment needed (all FF&E included in sales price) and a grade “A” customer list with 95% REPEAT CUSTOMERS! In 2018 REVENUE WAS UP 14.4% over 2017 and CASH FLOW WAS UP 12% over 2017 and 2019 is even better than 2018 year to date. PERFECT FOR A SALES PERSON, just hire a welder and build the business or FOR A WELDER OR WELDING OPERATION. Operations can be moved to anywhere as the customers ship the parts to you! The business currently operates out of approximately 1200 sq. ft. The company mainly does modifications to valves of all sizes (approx. 50% of business), pipe spools (approx. 20% of business), manifolds (approx. 20% of business) and general welding (approx. 10% of business). The company has earned it’s stellar reputation by providing QUALITY, ON-TIME DELIVERY, QUICK TURN AROUND and FULL ORDER INSPECTION for every order. The company currently works with major valve companies, the cannabis industry, healthcare and many others that are growing industries and will continue to do so in the future! To date growth has come strictly from word of mouth as there is no advertising or outside sales people. HUGE GROWTH OPPORTUNITY by 1) selling pipe and fittings which will drive more fabrication 2) Hire outside sales person or hire a welder and sell yourself and 3) advertise as there is currently no social media presence or advertising done. Buyer can also purchase all the tooling in the shop for an additional $400,000 (the actual value is closer to $800,000) or provide their own tooling. Owner is retiring and moving to Michigan to live on the lake. Owner WILL TRAIN for up to 60 days and then be available by phone. Owner WILLING TO FINANCE up to 50% of the purchase price for the right offer and buyer. BE YOUR OWN BOSS!! THIS GROWING AND PROFITABLE BUSINESS WON’T LAST!!

About the Business

Location:
Los Angeles County, California
Year Established:
1987
Number of Employees:
2
Real Estate:
Leased
Building Sq. Ft.:
1,200
Rent:
$1,000.00 Per Month
Lease Expiration:
6/10/2020
Facilities:
Operations can be moved to anywhere as the customers ship the parts to you! The business currently operates out of approximately 1200 sq. ft. The company mainly does modifications to valves of all sizes (approx. 50% of business), pipe spools (approx. 20% of business), manifolds (approx. 20% of business) and general welding (approx. 10% of business
Market Outlook/
Competition:
The company has earned it’s stellar reputation by providing QUALITY, ON-TIME DELIVERY, QUICK TURN AROUND and FULL ORDER INSPECTION for every order. The company currently works with major valve companies, the cannabis industry, healthcare and many others that are growing industries and will continue to do so in the future!
Growth & Expansion:
HUGE GROWTH OPPORTUNITY by 1) selling pipe and fittings which will drive more fabrication 2) Hire outside sales person or hire a welder and sell yourself and 3) advertise as there is currently no social media presence or advertising done.
Contact the Seller

About the Sale

Reason For Selling:
Retiring and moving to Lake Michigan
Training/Support:
Owner will train for 60 days and then be available by phone for 1 year
Seller Financing:
Up to 50% depending on the buyer and the offer

Listing Info

ID:
1646455
Ad Detail Views:
0

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Sponsoring Broker:

Toby Barker
BBDC


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