Owner Financing is Available
Business for Sale Overview:
This is a well established Seattle manufacturing and wholesale company that was founded in 1951 and has been in the same location since 1955. The business is centrally located in the heart of the Lake Union area with easy access to the North and the South. The business specializes in manufacturing sheet metal products for the HVAC industry, builders, contractors, suppliers, and the public. The business has about a 25% market share and very little competition with the builders and contractors due to its longevity, superior service and reputation, and ability to be flexible on both small and large orders. The business also includes an online marketing (E-Commerce) company. This is like having 3 companies in one (manufacturing/wholesale, retail, and online marketing). This business could easily be expanded in both the product line and the customer base. The business could expand into flashing and gutters for the roofing industry, venting products for stoves, dryers, and fans, and into decor liners for planters. The business could focus more on the builders and contractors and their suppliers who do not have in-house fabrication very often anymore. Visit the websites at www.centralfabinc.com and www.secondmantools.com. The business has a 10,000 sq ft location which has a fabrication division, sheet metal division, retail division and an on line division. The owner is absentee and has many other business interests he has to manage. The Seller is offering easy Seller terms with $40,000 down - 3 year term at 6% interest. This is a very profitable business for an owner operator. Priced to sell ASAP - don't hesitate and lose this terrific business.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The business occupies 10,000 square feet with separate areas for the sheet metal fabrication, manufacturing, and retail divisions. The monthly rent is $7,216. The business has occupied the same building since 1955 and has been on a month to month rental for many years - the Landlord will consider a long term lease for the right party.
Market Competition and Expansion:
The business has been established since 1951 and has about a 25% market share in the Seattle area. There is very little competition with the builder and the contractors due to the longevity of the business, the quality of the service and the outstanding reputation it has, and the flexibility of the company to meet the needs of its customers on big and small orders.This business could easily be expanded in both the product line and the customer base. The business could expand into flashing and gutters for the roofing industry, venting products for stoves, dryers, and fans, and into decor liners for planters. The business could focus more on the builders and contractors and their suppliers who do not have in-house fabrication very often anymore. The new owner could expand the retail and online sales for the company.
Reason for Selling:
The Seller is absentee and has many other business
Additional Details:
- The property is leased.
- 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.