Metal Fabrication: Very High Volume
Location Louisiana,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $4000000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1973
Number of Employees 10 - 19
Inventory 610000
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Available.
Reason for Sale Retirement.
Description Very impressive metal fabrication shop has been in business for 35 years. Business focuses on structural steel and steel containers. Company will contract to do some steel erection for commercial properties. Company is non-union.
Company has limited its business where delivery is required to a 100 mile radius taking in most of Southern Louisiana and Mississippi. Company will fabricate and ship anywhere. Company has the plant capacity with additional staff to increase production volume 3 to 4 fold. While company has shown significant growth in the last 3 years, seller has been somewhat selective in picking jobs as he is approaching retirement. 2008 looks to be the best ever with over $1 million in contracts in place in just the first 2 months. Company subscribes to a computer database of jobs to be bid on. From this they generate most of their business. They limit their subscription to just Louisiana and Mississippi and pick and choose the jobs they bid on. Seller has been conservative in pricing and feels he could add on 10% to bid prices without affecting volume.
Company occupies a building of about 50,000 sq ft on an about 8 acre tract of land. This real estate is included in the sale. The building contains an office of about 5000 sq ft. The work area has concrete flooring in about 70% of the area and aggregate in the rest. The real estate has an estimated value in excess of $1.25 million.
Company has an impressive array of equipment and if bought new would cost over $1 million. Equipment includes: 8 overhead cranes, 4 forklifts, a tractor/truck and 9 trailers for deliveries, a 10'x40' plasma and oxie gas burning table and all the other equipment needed to work up to 1/2'' steel plate. A comprehensive list of equipment is available by request.
Company is located in a nice size suburb community just a short distance and a short drive to Baton Rouge, La. Real estate is just off a major 4 lane US Highway with an interstate nearby.
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