MergerPlace

Sheet Metal Fabrication Company

Michigan


  • Asking Price: $1,250,000
  • Gross Income: $2,234,394
  • Cash Flow: $377,769
  • Real Estate: Not Disclosed
  • Inventory: $123,902
  • FF&E: $376,248
  • Listing ID: #209528
  • Established: 1987
  • Employees: 15

Business Description

This well-established Business has been providing sheet metal fabrication services to customers for over 30 years. The Company boasts an ISO 9001:2008 certification and has a diverse customer base, with no customer constituting more than 25% of sales in any given year. The Company operates meticulously to ensure that projects are completed to customers’ specifications and has a reputation for being reliable and easy to work with.
The Business has demonstrated very stable financial performance with strong margins throughout its history. Operations are efficiently run by a capable general manager with administrative oversight by the current owner. The Company is a turnkey opportunity with a great balance sheet and multiple decades of experience in the industry.
Ownership has decided it is time to transition the business to new owners with a vision to grow and sustain the business for many more years to come.
Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found please email info@caldergr.com and request a PDF version.
Once we receive your NDA and answers to some basic questions the Confidential Offering Memorandum (OM) will be sent to you from the project manager.
IF YOU DO NOT RECEIVE A FOLLOW UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL FIRST. If you do not see the email there, please email info@caldergr.com for support. Thank you in advance!


Business Details

Primary Business Category: Manufacturing - Fabricated Metal Products
Location: Michigan

Company Information

Year Established: 1987
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 15

Financial Information

Asking Price: $1,250,000
Gross Revenue: $2,234,394
Cash Flow: $377,769
EBITDA: $132,840
FF&E: $376,248
Inventory: $123,902
Seller Financing Available: Yes

Property Information

Facilities:

The Company operates out of a 41,290 square foot facility. The facility is leased from a related entity. The building is divided into roughly 3,000 sq. ft. of office space with the remaining 39,000 sq. ft. being dedicated to manufacturing. The facility contains 2 dock doors for easy loading/unloading and 440 amp electric capability.

Growth & expansion opportunities:

Growth opportunities include: 1) Marketing: The Company engages in very little marketing or advertising. The Company stands to benefit from updating its website, improving the Business’ digital presence and actively pursuing new projects. 2) Sales Representatives: An opportunity exists to grow the Business through adding sales representatives. These representatives could reach out to specific customers who are known to purchase a large quantity of services or high-margin services and acquire new customers. 3) Expansion: Space exists on the shop floor to add more equipment which would allow more jobs to be completed simultaneously. Furthermore, the facility rests on roughly three acres and could be expanded to add more space to fulfill more jobs.

Competition:

Investment highlights include: 1) Customer Diversification & Longevity: No customer exceeds 25% of the Company’s total sales. The Company is known for delivering excellent customer service and meeting deadlines. The Company has a repeat customer base where satisfied customers come to them repeatedly to have their machining and fabricating needs met. 2) Skilled Core Team: The Business boasts a very capable and skilled core team. The general manager manages day-to-day operations with limited managerial oversight from current ownership. Collectively, the team provides industry experience, creative design capabilities, and consistent high-quality work while maintaining a degree of professionalism. 3) Financial Stability & Flexibility: The Company has been generating consistent revenues and strong margins over the last several years. The Company is a turnkey opportunity with a great balance sheet and over 30 years of history in the industry.

Reason for selling:

Retirement

Support & Training:

Ownership willing to provide reasonable and customary transition assistance.

Contact Business Seller

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Business Listed By:

Max Friar

Calder Capital, LLC