Steel Fabrication Erecting biz. $3,827,421 Profit. 4X this with Seller

Asking Price$17,500,000

Cash Flow
$3,827,421

EBITDA$3,827,121

Gross Revenue$10,630,847

Inventory$900,000
Included in asking price
FF&E$2,100,000
Included in asking price
Real Estate$3,000,000
Not included in asking price
listing imageSave

Steel Fabrication Erecting biz. $3,827,421 Profit. 4X this with Seller


Asking Price$17,500,000

Cash Flow
$3,827,421

EBITDA$3,827,121

Gross Revenue$10,630,847

Inventory$900,000
Included in asking price
FF&E$2,100,000
Included in asking price
Real Estate$3,000,000
Not included in asking price
Business Description
Seller needs A NEW buyer to 4x sales & capacity on existing facility. Production filled within weeks. His partner cannot do 4th expansion for health reasons-so he needs new buyer to fulfill his vision. Seller wants an ambitious buyer who loves growth and achievement. Seller expanded 3 times in the past.
>>Seller will stay on -indefinitely- for the right fit, reducing his role to sales and assisting buyer to 4x sales & capacity. Business has Happy Long Term Employees who enjoy their jobs.
>>Run by old school operator the old fashioned way; seller immigrated to the US, started as a line worker; with limited English & minimal school, curious, ambitious and eager to serve made up for this.

Seller has done expansions 3 times, each time Seller filled production within months at the new expansion capacity.
>>Seller just Acquired land next door to start this; new capacity has always been filled within a month.

Seller is old school; a buyer who can automate this company, will yield tremendous payback as well.
Business Includes everything. Receivables, Work in progress, Real Estate, business, inventory, large cranes and other large machines, able to cut, fabricate, transport, erect and install new structures that endure.

+Sale includes: $5M+ receivables, Work In Profess, nearly $1M of inventory.
-Real Estate priced separately in the notes here, just $2.5M for $3M of real estate
Buyer can add night shift, asking existing supervisor oversee production.
The emerging new economy will need far more steel production. Ride this next new wave of manufacturing
About the Business
Years in Operation
34
Employees
13 (10 Full-time, 1 Part-time, 2 Contractors)
13
Facilities & Assets
2.25 Acres, 6,000 SF office, 15,000 SF Plant. Comes with Plant, cranes, oversize industrial machinery to do any job. Building, land, cranes, large grinding-cutting-moving-saws and more
Plenty of land for expansion in the front, back and next door property they just purchased-all included.
Website
https://tangentbrokerage.com/search/?listingId=cmb6vg6iy0018lh07rzemhw5x
Market Outlook / Competition
Growing
Opportunities for Growth
Seller already expanded 3 times in the past; but- seller needs A NEW buyer to 4x sales & capacity on existing facility. Production filled within weeks. His partner cannot do 4th expansion for health reasons-so he needs new buyer to fulfill his vision. Seller wants an ambitious buyer who loves growth and achievement.
>>Seller will stay on -indefinitely- for the right fit, reducing his role to sales and assisting buyer to 4x sales & capacity.
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
21,000
About the Sale
Seller Motivation
Retirement
Transition Support
30 days training included with sale; owner will stay on for a year or so
Financing Options
Conventional Financing only, deal exceeds SBA 7A limit
Listing Info
ID
2371897
Listing Views
1572

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Charles Howard Tangent Brokerage

Listing ID: 2371897 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.