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Metal Fabrication Job Shop
Location Virginia,United States
Asking Price Range $250K - $500K
Gross Revenues $1000000
Net Profit / Cash Flow $225000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1970
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Owned
Description This metal fabrication job shop is located in Southwestern Virginia and has been in existence for over 40 years. They specialize in shearing, bending, punching and welding of light gauge steel and aluminum. The company produces high quality fabricated parts and truck equipment and has developed a reputation for excellent service and competitive prices by utilizing the latest technologies in metal cutting, forming, and punching and welding. Their customers have expanded to include both original equipment manufacturers and other users of precision metalworking capabilities. Examples of the type of fabrication work performed include custom transformer components, custom assembly connections and components used in construction trusses, rack systems and material handling assemblies.
Over the past 5 years they have been designing and fabricating aluminum and light gauge steel enclosures and panel boxes for large original equipment manufacturers. Other products fabricated include bumper assemblies and boxes for trucks.
The company owners are only on site for a few hours each week and trust the day to day operation to their experienced General Manager and Shop Foreman.
Sales for the 9 months ending 9/30/12 were $825,000 with Sellers Discretionary Earnings of $180,000.
The business operates in a 46,000 sq. ft. facility with ample space for expansion if needed. The owners are interested in selling the building and land along with the operating company. The asking price for the business is $400,000 with the real estate available for an additional $400,000. The current tax assessment for the real property is $388,800.
The sellers will agree to work with a new owner/manager through a reasonable transition period. This is an excellent opportunity for a strategic buyer of a financial buyer with experience in the metal fabrication industry.
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