Heavy Plate Steel Fabrication & Machining Company

Not Disclosed, MI

East-Central Michigan


Asking Price: Annual Revenue:
Not Disclosed $3,833,466

Manufacturing: Machinery


Request More Information
Contact the Seller

RE: Heavy Plate Steel Fabrication & Machining Company Broker: Max Friar
Owner Financing is Available!
Limited Seller-Financing Available for Qualified Buyers.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $3,833,466
Net Profit: Not Disclosed
Cash Flow: $364,375
Total Debt: Not Disclosed
FF&E: $1,726,600
Real Estate: $2,000,000
Year Established: 1987
Employees: 24
BBN Listing #: 968245079
Broker Reference #: 107

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

This opportunity is a long-standing heavy plate steel fabrication Company offering all in-house operations, including machining and paint. The Company deals daily with fabrications from 10 to 100,000 pounds. With over 40+ years in the industry, the Company maintains all types of equipment needed for fabrication, including cranes, burning tables, plate rolls, manipulators, weld positioners, and press brakes.
Founded in 1987, the Company was purchased and re-branded in 1999 by the current owner/operator.

The Company operates under three main capabilities—fabrication, machining, and plate rolling. It takes great pride in delivering top-quality workmanship in carbon and alloy steels, stainless steel, and aluminum.

The Company occupies a 65,000 square foot manufacturing facility in East-Central Michigan. It was built in 1985 and has been maintained and kept in excellent condition. The facility includes 5,000 square feet of office space, 60,000 square feet of manufacturing space, 1 dock, 6 overhead doors, and 15 bridge cranes. The Owner is flexible to sell or lease the facility to the new owner(s) with the sale of the Business.

After 21+ years as a hands-on owner/operator, the Owner is seeking to retire. He is willing to provide reasonable and customary transition assistance for up to two years to help the new owner(s) transition successfully into the Company.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found, please email us and request a PDF version.

Once we receive your NDA and answers to some basic questions, the Confidential Information Memorandum (CIM) will be sent to you from the project manager.

IF YOU DO NOT RECEIVE A FOLLOW-UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL FIRST. If you do not see the email there, please email us for support. Thank you in advance!

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The Company operates out of a 65,000 square foot facility that includes 5,000 square feet of office space, 60,000 square feet of manufacturing space, 1 dock, 6 overhead doors, and 15 bridge cranes. The Owner of the Company is flexible to sell or lease the building with the sale of the Business.

Market Competition and Expansion:

Investment Highlights Include: (1) Long-Standing Reputation: The Owner has spent the last 21+ years honing in on the Company’s mission: to provide precise solutions that are always delivered on time. The Company accomplishes this by taking customers’ ideas and completing all the work in-house, from fabrication to final paint. With complete control over the quality and timeline of every project, customers can feel confident in the Company’s ability to deliver exactly what they asked for. This has earned the Company a reputation that attracts new customers, even without a defined marketing strategy. (2) Experienced Team with Low Turnover: The Company’s employees not only have immense experience but positive morale because they genuinely enjoy their jobs. The Owner has built a stress-free work environment by trusting the employees’ abilities to produce quality products with a high-level of autonomy. (3) No Project Too Big: The Company’s 60,000 square foot manufacturing facility is equipped with 15 bridge cranes, 6 overhead doors, 1 loading dock, and equipment that can handle any job up to 100,000 pounds. These assets allow the Company to take on projects that not many other machine and fabrication shops can handle. Growth Opportunities Include: (1) Implement a Marketing Strategy: The Company’s reputable brand attracts customers from word of mouth and referrals, but besides that, the Company has no marketing strategy. The Company has no employees in charge of marketing and does not have a marketing budget. While the Company’s website is up to date, it lacks the exposure to generate meaningful leads. The new owner(s) could deploy an investment in marketing to improve Search Engine Optimization and naturally drive brand awareness. (2) Earn Certifications to Increase Competitive Advantages: The new owner(s) could pursue certifications from ASME (American Society of Mechanical Engineers) and ISO (International Organization for Standardization) to expand the Company’s advantages over competitors. ASME certification is the clearest way to tell customers, supply chains, industries, and regulators that a company is committed to public safety and quality. Similarly, ISO offers certifications and accreditations in various areas concerning quality, safety, and environmental standards. These certifications could further the credibility of the Company. (3) Employ a Sales Team: The Company has not yet had a salesforce or hired an outside sales specialist. By implementing a sales team, the new owner(s) could increase customer support and capitalize on additional sales opportunities. (4) Maximize Plant Utilization: Operating at only 40% plant and equipment capacity in 2020, the Company could increase its scale of projects without incurring additional fixed costs. If the new owner(s) chose to take advantage of the aforementioned growth opportunities, they would have no issue increasing the production to meet the added demand.

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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!