MergerPlace

Structural Steel Manufacturing, Fabricat

New York, New York


  • Asking Price: $19,000,000
  • Gross Income: $23,000,000
  • Cash Flow: $4,000,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #223228
  • Established: Not Disclosed
  • Employees:

Business Description

Includes $7.2MM in FF&E, and excludes all cash and retainage. Normal working capital of current assets (minus cash and retainage) less current liabilities is included in the Purchase.

Company:
The business is a structural steel manufacturing, fabricating, and erecting business that is certified by the American Institute of Steel Construction (AISC).

Management:
The company is an S Corporation. The owners actively manage the business and will stay during post closing.

Facility:
The business is situated on over ten (10) acres of property and has facilities totaling over 40,000 square feet. The property is not included in the purchase.

Acquisition Highlights:
▪ AISC Certified
▪ Long established business with solid reputation for timely job completion
▪ Bonding only required on approximately 15% of jobs.
▪ Non-Union facility
▪ Available Capacity – Currently running one shift
▪ No Projects have been placed on hold due to Covid-19 reasonable transition period of at least 1 year. mid-level management is in place.

Location:

Strong, The business is located in the outskirts of a metropolitan area.

FINANCIAL SUMMARY

2019

2018

2017

2016

2015

Revenue

23,859,594

29,007,453

20,658,503

21,095,843

24,401,583

Cost of Goods Sold

19,129,483

21,326,834

14,615,477

13,381,875

16,396,293

Adjusted EBITDA

4,687,104

4,538,044

3,118,848

5,170,509

4,821,054


Business Details

Primary Business Category: Manufacturing - Machinery
Location: New York
Metropolitan Area: New York

Company Information

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

Financial Information

Asking Price: $19,000,000
Gross Revenue: $23,000,000
Cash Flow: $4,000,000
Seller Financing Available: No

Contact Business Seller

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Business Listed By:

Rick Brown

MergersCorp M&A International