Market-leading Foundry & Scrap Metal Services Co.

Not Disclosed, AL


Asking Price: Annual Revenue:
Not Disclosed $3,960,000

Services: Non-classifiable


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RE: Market-leading Foundry & Scrap Metal Services Co. Broker: Seller of Business

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $3,960,000
Net Profit: Not Disclosed
Cash Flow: $1,100,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1946
Employees: 25
BBN Listing #: 240757673
Broker Reference #: Not Disclosed

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Business Overview:

Scalable, Multi-state Provider of Metal Reclamation & Foundry Service Operations

Founded in 1946, this industrial services company specializes in the reclamation, removal, and resale of foundry materials for high-volume producers including John Deere and Lodge Cast Iron. The business has been family-owned for more than 70 years and stands as one of the nation’s only providers of end-to-end scrap solutions for the foundry market. Currently active in six states, the company establishes and operates on-location job sites for each client to deliver seamless logistics for the disposal of scrap metals, sand, and slag. The revenue model for the business is driven by the divestiture of the collected materials via sales to national and regional recyclers; this process also generates an auxiliary revenue stream for customers, who receive royalties on goods sold.

Primarily serving the metal/machine fabrication, iron works, automotive, landfill, and traditional foundry sectors, the Alabama-based company has an operational footprint across 10-plus job sites in the Southeast, Southwest, and Midwest. Accordingly, project management is largely decentralized and all corporate functions can be led remotely, giving an acquiring party the option to move headquarters if preferred; the corporate property is owned by the seller, and if a buyer prefers to maintain current headquarters, ownership is also willing to lease the facilities back to the acquiring party.

Most recently, the company has commenced job site operations for a new, large customer and initiated operational expansions with existing clients as of Sept. 2020, putting the business firmly on track for unprecedented revenue growth in the 2020/2021 fiscal year (FY Sept. 2020 – Aug. 2021).

Financial Overview:

3-Year Avg. (Fiscal Years September 2017 - August 2020): $3.96M (GR) | $1.07 (Adj. EBITDA)
YTD 2020/21 FY (Q1, Sept. - Nov. 2020): $1.14M (GR) | $321K (Adj. EBITDA)
PROJECTED 2020/21 FY (Sept. 2020 - Aug. 2021): $8.0M (GR) | $2.4M (Adj. EBITDA)

EQUIPMENT/ASSETS: $3.03M est. value as of Sept. 2020

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Property Features and Assets:

Headquarters are presently based in Alabama, but are relocatable per the acquiring party's preferences, as project management is largely decentralized and all corporate functions can be led remotely. Alternatively, if a buyer prefers to maintain current headquarters, the seller owns the corporate property and is willing to lease the facilities back to the acquiring party.

Market Competition and Expansion:

In September 2020, the company commenced job site operations for a new, large customer and initiated operational expansions with existing clients, putting the business firmly on track for exponential financial growth in the 2020/2021 fiscal year (FY September 2020 – August 2021). Confirmed projections for the 2020/21 FY indicate revenue of approximately $8M and adjusted EBTIDA of approximately $2.4M.

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.

Documents:

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