MergerPlace

Open Shop Reinforcing Steel Contractor

California (Orange)


  • Asking Price: Not Disclosed
  • Gross Income: $15,698,350
  • Cash Flow: $762,272
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $74,880
  • Listing ID: #201840
  • Established: 2010
  • Employees: 90 FT

Business Description

This very profitable, well established, open shop business supplies and installs reinforcing steel (rebar), post-tension cables and structural mesh for large construction projects such as multi-level parking structures and large apartment buildings. The company's 3 highly experienced managers and 10 foremen lead a team of roughly 77 to 100 iron workers on construction projects in the following counties: Los Angeles, Orange, Riverside and San Bernardino.


Business Details

Primary Business Category: Contractors - Special Trade
Location: California
County: Orange

Company Information

Year Established: 2010
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 90 FT

Financial Information

Gross Revenue: $15,698,350
Cash Flow: $762,272
FF&E: $74,880
Seller Financing Available: No

Property Information

Facilities:

This business operates out of an office with a warehouse and the total area is 3,200 square feet. The business can be relocated or expanded into the adjacent 3,200 office that is owned by a related entity.

Growth & expansion opportunities:

There is great potential to grow this business by conducting marketing activities, expanding the geographic territory beyond the current four counties, and employing a proactive sales representative to develop business with General Contractors. Also, there is growth potential by providing additional services such as retrofitting, tilt ups, and flatwork.

Competition:

There are many competitors in this industry, but this company distinguishes itself from its competitors with its experience and expertise in handling large projects. With their many years of experience, the managers, foremen and iron workers have built a great reputation for quality workmanship.

Reason for selling:

Retirement.

Support & Training:

Will train for 4 weeks @ no cost. A California Reinforcing Steel Contractor C50 license is required to operate this business. Also, each city where this business conducts construction work requires a permit.

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Business Listed By:

John Holland

Murphy Business Brokers