This is a unique opportunity for someone who is both entrepreneurial and creative to take over a business that has a sterling reputation with potential that is limited only by the new owner’s willingness to accept a job or a challenge and go and do.
Established 1997 by current owner who has been doing everything involved with fabrication and erection of steel for 40 years. The company has 9 full-time, 3 part-time experienced employees who will be available to the new owner. The company is very family oriented.
On a recent, typical day in this company, one crew was at a water treatment plant doing industrial maintenance; another crew was doing industrial construction at a concrete site; another was working on supporting a historical building in downtown Kansas City. Someone was in the shop assisting a customer who wanted to have a base designed and fabricated for something he was building. Small to large, from Dallas, TX. to Sioux City, IA.—though mostly in the Kansas City area—the jobs they accepts are varied, challenging, but never boring.
Asking Price: $1,600,000
Gross Income: $1,800,000
Cash Flow: $640,000
Employees: 9 fulltime, 3 part-time
Furniture, Fixtures, and Equipment ( FF&E): $150,000
Facilities: $200,000* *Not included in asking price.
Competition: A lot of companies do one or another of the things this company does. One might do metal fabrication and another might supply the materials needed. This company is the only company in a 70 mile radius that does it all, which means they offer a lot of services, including mechanical work. Besides a yellow pages listing, the company has never advertised so there is a lot of room for growth.
Growth & Expenses: Anyone who continues to do what they currently do is going to do well. Honesty with customers and the quality of their work is what keeps current customers coming back and referring others. The future is BRIGHT.
Financing: 10% of purchase price at 6% APR for help with down payment
Support and Training: The owner/founder of the company plans to stay as long as needed to help the new owner learn what he needs to know to keep the business a continued success. The details are negotiable.
Reason for Selling: Retiring/inclined to farm