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Metal Fabrication, Installation and Repair Powerhouse (37942)

This metal fabrication business has two sectors in-house cohesively servicing industrial, residential, and commercial clientele from design to installation. The diverse scope of work includes ornamental ironwork, trailer manufacturing, welding services, metal fabrications and structural steel work. For the power generation and electrical transmission industries, the company is also capable of repairing and upgrading parts for power plants, quarries, bridges, train stations, and commercial buildings. By fabricating replacement components, modifying and upgrading difficult-to-find original equipment manufacturer (OEM) equipment, they capture a large audience. The company operates from a 15,000 square foot facility in New Hampshire. Standing on 5 acres it is available for purchase. These days, customers are primarily word of mouth. Increasing online marketing efforts and upgrading company websites would be a great advantage for the new ownership. Collectively, revenues reached almost $2,575,000 in 2023 with profits approaching $550,000, charts are available with breakdowns. Ideally the buyer would be customer oriented and have experience with general management as this company has a strong team in place keeping operations streamlined. While metal manufacturing experience would be a bonus, the many facets of this business are very teachable, and the sellers look forward to giving the new ownership the advantages they need to succeed and take the business to the next level. Including water & sewage plants, the power industry is barely tapped, with more connections this sector has a huge opportunity for growth.
Listed By: Bob Parsons
Background information
Seller Number:
37942
Year established:
1970+/-
Reason selling:
Approaching retirement.
Finance
Sales:
$2,575,000
Profits:
$550,000
Profit type:
Discretionary Earnings
Operations
Employees:
14 nonunion.
Equipment:
$818,000
Inventory:
$35,000
Premises
Facility:
Leased.
Square footage:
15,000+/-
Location:
5 acre property is open for considered purchase!
Opportunities
Market:
Referral Sources.
Price and terms
Price:
$1,400,000
Financing:
Standard SBA-term financing will be negotiable for qualified buyers.
Owner Transition:
Experienced general management with strong team in place to keep operations streamlined after Standard acclimation.