This steel fabrication company creates heavy equipment products for use in a variety of industries. Individual parts are cast and formed elsewhere then assembled in their local shop as customer orders come in. Included in the sale are five registered patents protecting the method and manufacture of integral aspects of the product. Also included are all the tools and equipment necessary to continue operating this business. This would be a natural fit for an existing manufacturer, or an entrepreneur looking to grow on a global scale.
The 2,000 square foot shop provides office and warehouse space. Rent is very reasonable and this location is not crucial to the operation of the business. This business could be moved virtually anywhere in the country.
There is huge growth potential both domestic and internationally. More trade shows would increase brand awareness. There is considerable market share that is untapped. The owners have not been able to spend adequate time on this business as their other business has grown substantially and they have encountered some health problems. In the past, when trade show attendance increased, sales follow. A new owner with the ability to travel to shows should see a proportionate rise in orders. The European market is wide open. This company would be a great addition to any manufacturing portfolio.
There are only two primary competitors for this product in North America. There is plenty of room for expansion. This company’s products are of superior quality and workmanship with better pricing.
Owner’s health issues and an uptick in their other business have combined to make this the time for the current owners to sell.
Will train for 4 weeks @ no cost. This niche product is used in a variety of industries across the country and globe. Another manufacturing business or job shop could tuck this business into their current operations and see immediate synergies.