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Structural Steel Fabrication And Machine Shop For Sale
Location British Columbia,Canada
Asking Price Range $500K - $1.0M
Gross Revenues $3229000
Net Profit / Cash Flow $326000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1964
Number of Employees 10 - 19
Inventory 175000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Reason for Sale Retirement.
Description Located in British Columbia's Okanagan District, this long established structural steel manufacturer and machine shop has an excellent reputation for high quality workmanship. With over 200 regular and repeat clients, the company has a reputation for setting the benchmark in structural steel estimates in the province. The business is known as a reliable and superior provider of quality structural steel, and maintains strong relationships with all the leading general contractors.
The business enjoys high consistent profitability through industry cycles with contracts that range from $100K to $4M. It's team of experienced journeymen are either Red Seal Certified steel fabricators or apprentices working towards the certification which is the standard for excellence in Canada. In addition to structural steel, the business has innovated specialized equipment used in the inspection of high tension electrical wires throughout North America. Repairs in its fully equipped machine shop as well as custom steel or aluminum and fasteners further diversify its revenue streams.
This all season business is typically invited to bid on any suitable work conducted in the region. Significant growth opportunities are available for the new owner by broadening the industry sectors served and widening the geographic coverage. It is a turnkey operation with all the hard assets included in the purchase price. This steel fabrication and machine shop offers a fantastic opportunity to a new owner and is ready to be taken to the next level.
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