Profitable Steel Fabricator

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Business Description

Great opportunity to own one of the regions oldest custom steel fabricators serving the restaurant & hospitality industries. They have a long history of manufacturing quality food service equipment for full service restaurants, restaurant consultants, quick serve restaurants, convenience stores, hotels, and schools. This is a very stable and profitable business with every step of the manufacturing process, from layout to punching, assembly, and finishing is performed by skilled union fabricators.

About the Business

Location:
Saint Louis, Missouri
Year Established:
1946
Number of Employees:
23
Real Estate:
Owned
Building Sq. Ft.:
23,000
Facilities:
Manufacturing facility contains 22,819 square feet of space with approximately 1800 square feet of finished office space located in St. Louis. The real estate is not included in the sale price of the business. The real estate is available for sale or lease and is owned by the business.
Website:
www.meco2222stl.com/
Market Outlook/
Competition:
There is limited competition in the region. Their are other steel fabricators, but very few serve this market.
Growth & Expansion:
This business has plenty of capacity to grow and the market in general is improving for steel fabricators. They have a very stable customer base that relies on them for consistent quality and timely delivery at a fair prices.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller will train for 30 days at no cost. The seller with work the buyer to assist them with their needs to insure a smooth transition.

Listing Info

ID:
1677109
Ad Detail Views:
106
Asking Price:
$1,600,000

Gross Revenue:
$3,166,000
Cash Flow:
$465,960
EBITDA:
$365,960
Inventory:
$451,564
included in asking price

FF&E:
$500,000
included in asking price

Real Estate:
$300,000
not included in asking price

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Business Listed by

Michael Kendall

Kendall Capital Group

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