MergerPlace

Huge Potential Metal Fabricating Company

Florida (Pinellas)


  • Asking Price: $99,000
  • Gross Income: $740,175
  • Cash Flow: $59,016
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: $125,000
  • Listing ID: #204215
  • Established: 1988
  • Employees: 3

Business Description

A top designer, fabricator and installer of custom metal handrails and guardrails in the eastern United States. Established in 1988, they have become established onto many of the large commercial architectural firm’s specifications sheets, receiving numerous requests for quotes weekly. Customers come from all over the country, mainly hotels, office buildings, law offices and other commercial properties. Currently has 2 large projects in process. Owner is looking to retire and is motivated to sell. Hasn’t dedicated time to actively and aggressively pursuing new work over the past few years. With the commercial building industry showing healthy signs of growth, potential work has been growing as evident by the growth in requests for quotes. Comes with all equipment (lathes, cutters, etc.), vehicle, inventory, office equipment and Auto CAD licenses.


Business Details

Primary Business Category: Manufacturing - Primary Metal
Location: Florida
County: Pinellas

Company Information

Year Established: 1988
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3

Financial Information

Asking Price: $99,000
Gross Revenue: $740,175
Cash Flow: $59,016
FF&E: $125,000
Inventory: $10,000
Seller Financing Available: Yes

Property Information

Facilities:

Rent for space is $2,300 per month. A new buyer will execute a new lease. The space has a reception area, an office, 2 small work/storage areas and a large 2,500 square foot garage with storage racks and equipment.

Growth & expansion opportunities:

Seller has not bid on a majority of work that has come in due to various personal reasons. New buyer would see new work through bidding on RFQs, entering into residential sector and/or other metal fabrication work.

Competition:

On most leading architectural firms standard specification lists used by contractors for RFQs

Reason for selling:

Contact Seller

Support & Training:

Seller willing to train for up to 3 months

Contact Business Seller

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Business Listed By:

Chris Cheung

Florida Business Exchange, Inc.