MergerPlace

Utility Fabrication & Maintenance Co.

Michigan


  • Asking Price: $4,600,000
  • Gross Income: $2,617,404
  • Cash Flow: $1,162,264
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $480,000
  • Listing ID: #201808
  • Established: 1980
  • Employees:

Business Description

Despite its humble beginning in 1980 as a simple welding repair business in Western Michigan, this Company has grown and evolved over the past three plus decades into a thriving Company that specializes in a specific type of work. Very few can match this Company’s expertise, reputation and safety record. Direct competition is virtually nonexistent. The result is consistent revenue levels and strong cash flows year after year.

Regardless of their background in the skilled trades or welding, any competent and well-capitalized individual or group is considered a candidate to successfully own and operate this Company. Technical knowledge is well dispersed across the team and the owner is open to staying on as a technical advisor until the new owner feels comfortable operating the business on his/her own.

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: 1980
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $4,600,000
Gross Revenue: $2,617,404
Cash Flow: $1,162,264
FF&E: $480,000
Seller Financing Available: Yes

Property Information

Facilities:

The Company operates out of a 6,000 sqft industrial facility located on the same property as the owner's residence. The owner is willing to lease the facility for $20,000/year to a Buyer for 2 years.

Growth & expansion opportunities:

The opportunities to grow the company are substantial: 1) Aging Infrastructure Nationwide – Infrastructure throughout the United States has been underinvested in for decades. Recently, the American Society of Civil Engineers gave U.S. infrastructure a grade of D+. The steady improvement of the economy and growing housing market are providing municipalities with more money to allocate to infrastructure investment, which this Company can capitalize on; 2) Expanding into New Geographies – Growth opportunities in dense metropolitan places such as the greater Chicago area are immense. The Company consistently works in this region but there are many more opportunities available there (and the entire state of Illinois). Seeking work outside of the Great Lakes Region is also a possibility. The Company was recently asked to bid on a job in Tennessee and has, in the past, worked in New Jersey, Pennsylvania, Massachusetts, and Texas. A crew willing to travel throughout the United States for extended periods of time would have no trouble staying busy and generating significant profits; and 3) No Sales of Marketing Effort Whatsoever – Operating entirely on word-of-mouth, the Company does not even have a website, nor has it done any sales or marketing initiatives or employ any sales people. Even a modest investment in these areas would likely yield significant results.

Competition:

There are numerous investment highlights to this business: 1) Extremely Consistent Revenue and Strong Cash Flow - The Company’s owner has grown the Company to an optimal size for him. It has consistently generated over half a million in earnings and is still within his ability to effectively manage it. The Company is presently experiencing additional surges in demand with profits following, illustrating a growing need for its unique service offering; 2) Newer Equipment and Vehicles - Reinvestment is a priority at the Company. The Company’s fleet of vehicles, equipment, and tools are diligently maintained and reinvested in; and 3) Always Busy - The Company consistently has more work than it can take on.

Reason for selling:

Desire to slow down and transition into retirement. Spend more time with family.

Support & Training:

The owner is willing to assist for a reasonable transition period. The successful transfer of the business is very important to him.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Max Friar

Calder Capital, LLC