Business for Sale Overview:
The company is a specialty fabrication shop known for its reliable service and quick turnaround of specialty orders. The company’s policy of quick paying vendors has positioned the company to receive large volume pricing discounts for small orders. This allows it to price materials competitively on larger commercial jobs while maintaining healthy margins on the custom fabrication work. Efficient management of inventory is the key to profitability particularly in an environment of volatile commodity prices. Approximately 45 percent of revenue is earned from custom fabrication shop work and 55 percent comes from retail and wholesale stock sales.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The business is strategically located in the heart of Houston’s west side. Its location is within ¼ mile of a major Houston transportation artery. The company’s facilities are situated on 50,000 square feet (1.15 acres) of property. There are three buildings including office, warehouse & crane served fabrication shop. A long-term lease is available to the successor owner. Alternatively, the property is available for purchase as part of this transaction.
Market Competition and Expansion:
The market for the company’s services is the Houston MSA. The company serves a large number of customers within this region including construction companies, municipal entities and retail customers. The company typically serves about 100 different customers per year. One customer represents about 30 percent of annual revenue. The next eight largest customers represent an additional 30 percent of annual revenue. Less than 10 percent of the company’s revenue is obtained from a competitive bid process. The owner believes that the capacity exists within the current business structure to significantly increase the revenue of the business by adding an outside salesperson and a detailer. Currently, the business does not advertise or engage in outside sales. The owner states that he is doing all the business he wants to do.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.