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Custom Metal Fabrication Shop For Sale
Location Tennessee,United States
Asking Price Range $500K - $1.0M
Gross Revenues $724000
Net Profit / Cash Flow $173000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2003
Number of Employees 1 - 3
Inventory $144000
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training The owner will provide 6 - 8 weeks of training in all operations of the business and will work for the new owner.
Reason for Sale Owner's health.
Description $750,000, real estate included.
The sales and cash flow are based on an average of the last three years. The sales have rapidly declined due to the owners health. However, someone with energy and industry knowledge can quickly grow the sales. The company, three years ago, had sales in excess of $1 million. This family owned, custom metal fabrication shop has the capabilities to fabricate, modify, or repair any metal item. They can do anything involving metal work from structural to ornamental iron works, custom railings, stairways to overhead walkways, but their focus has been in general contractors and larger steel companies that have a wide variety of steel projects. They have been in business for over 7 years and have an excellent reputation of integrity and quality work. Advertising is non-existent and most of the revenue is from repeat customers or invitations to bid. The business is for sale due to the owner s health situation. However, he is available to work for the new owner.
The business operates out of 3,024 square feet and sits on a 1 acre lot. Surrounded around the perimeter is a 6 foot tall security fence. The real estate is included in the purchase price at the approximately appraised value of $200,000.
Competition: They have a variety of customers they serve throughout the Middle TN area.
Growth and Expansion: They have always operated solely on word-of-mouth or by invitations to bid sent directly from the contractors. With an effective and properly implemented marketing plan, the owner believes it could outgrow its location very quickly.
Year Established: 2003
Employees: 3
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