Business for Sale Overview:
Metal Fabricator, Laser Cutting, Machine Build & Design, Trailers
This business has been established 25 years by the current owner who is ready to retire. The company is a full service fabricator with OEM mfg, laser cutting, sheet metal fab, trailer design & mfg, precision machining, machine design and machine build. The company is on a fiscal year ended June 30th. For 2009, sales were $7.5M with $700,000 in adjusted earnings to the owner. The prior two years were similar in sales and cash flow. However, sales have dropped in 2009 by half due to the loss of a major customer and the business has started to lose some money. The owner does not want to risk capital going forward and wants to sell the business quickly. They have a strong balance sheet and very little debt. A cash sale is preferred, but the owner may consider some terms on a buyer for buyer basis. This is ideal for someone or another company who has some work they can bring in with them. There is no formal asking price, but the owner is receptive to all fair and reasonable offers. A stock sale is preferred since they are a "C" Corporation, but asset sales will be entertained. The building is owned by the Seller and he is negotiable on a lease rate.
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:
52,000 Sq. Ft. Facility appraised in 2009 for $3.9 Million. This facility is available for lease only from the Seller. High Ceilings with overhead cranes. Located in nice industrial park. Beautiful facility.
Reason for Selling:
Retirement.
Additional Details:
- The property is leased.
- The owner is not 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.