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Business for Sale Overview:

Founded over 50 years ago, this East South Central based Company specializes in commercial and industrial plate fabrication, HVAC ductwork, ventilation, erection services, as well as manufacturing consumable products for use in alloy plants. In 2007, the Company booked $5.5 million in annual revenue and nearly $1.4 million in adjusted EBITDA, a margin of 25 percent. Management forecasts growth of 30% over the next three years as a result of new client growth, expansion of operations, and industry growth in the hospital and industrial markets. This Company is the area’s preferred Commercial and Industrial plate fabrication and sheet metal contractor, providing quality and on-time fabrication and erection needs. Its major capabilities include sheet metal fabrication and erection, custom fabrication using various metals, custom plate work, special welding, pipe fitting, and transportation of product. It is the only heavy duty plate, custom and miscellaneous steel fabricator within a 100 mile radius of its production facility. In 2007, the Company’s Fabrication Division generated approximately $4 million in revenues (73% of total revenues) and $830k in adjusted EBITDA (61% of total adjusted EBITDA). The Company targets industrial, commercial, and institutional markets. For each year over the past three years, the Company has provided its services to approximately 250 customers. Most of its customers are within a 100 mile radius of the production facility. In 2006, 61% of the Company’s customers were repeat business from the previous year and 53% were repeat business from 2004. Along with operating a fabrication division, this Company also manufactures consumable products for use in alloy plants. This line of business generates a relatively consistent stream of income year-to-year. This division targets a niche industry, with 35% of all companies in the industry located in a surrounding state of this Company. In 2007, the Company’s Manufacturing Division generated approximately $1.5 million in revenues (27% of total revenues) and $535k in adjusted EBITDA (39% of total adjusted EBITDA). A stock or asset sale is anticipated with a transaction price of $4,085,000 plus an excess working capital adjustment, subject to terms and financing arrangements. The Owner(s) will assume all cash and marketable securities from the business at the time of closing. The associated real estate is available for sale at an estimated market value of $750,000. The real estate is not included in the asking price. The Owner(s) is looking to transition into retirement, and will be available for a negotiable short period to ensure a smooth and successful transition to a new owner

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner may be willing to work for 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.