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Multi-Grossing Metal Manufacturer in New Mexico! (17638)
Servicing an out-of-state majority in repeating customers, this thriving two-in-one custom welding and metal manufacturer in Northwest New Mexico offers various-sized ASME certified pressure vessels as well as production tanks to oil and gas conglomerates. Such as those used for water, fuel, frac, chemicals or underground storage; while also providing landings, ladders, cat-walks, truck beds, vehicle upfitting, tool boxes, gates, skids, machining, repairs, decorations and accessories. Headquartered at a prime location, the seller owned facility of 42,000 plus square feet features ample parking lot space and industry acreage for warehousing; is also zoned for commercial/industrial use. The property is in excellent condition and may be purchased alongside the business. The ideal buyer profiles could be a successful, high performance machine shop owner looking to expand its service offering or an emerging manufacturer interested in expanding its portfolio holdings. The enterprise comes with a long time and loyal management team that operates a combined operation consisting of 26 nonunion employees with vast field experience. Ownership would commit to an appropriate transition period to ensure a successful handoff. It comes with a track record of successfully attracting steady and profitable customer projects from word-of-mouth referrals and through online industry bid sources that convert into new clients. The floor operation has enough capacity and state of the art equipment to support a broad range of inventory requirements. 2019 Revenues reached $6,491,883, along with an Adjusted EBITDA of $1,516,694 and are back on track to achieve those milestones in 2021. Independently evaluated.
Listed By: Rebecca Hansbrough
Background information
Seller Number:
17638
Year established:
1995
Reason selling:
Approaching retirement and/or pursuing other interests.
Finance
Sales:
$6,491,883
Profits:
$1,606,768
Profit type:
Discretionary Earnings
Operations
Employees:
26 nonunion.
Equipment:
Range of $1,500,000 - $2,000,000, $300K if which is brand new.
Inventory:
Range of $500,000 - $750,000.
Premises
Facility:
Property valued at $2,500,000 comes included in the Asking Price. Listing can be purchased as Business Only for $5,100,000.
Square footage:
42,000+/-
Opportunities
Market:
WOM Referral Sources.
Price and terms
Price:
$7,600,000
Financing:
Financing is negotiable for the right buyer.
Owner Transition:
Absentee owner available for a smooth transition.