Seller's Contact Information
- RE: Specialty Industrial Contractor & Fabricator
- Contact: John Chaffee
Quick Facts
Asking Price: | $998,500 | |
Annual Revenue: | $1,523,500 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $299,090 | |
Total Debt: | Not Disclosed | |
FF&E: | 250,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2016 | |
Employees: | 16 | |
BBN Listing #: | 705058201 | |
Broker Reference #: | 13485-484256 |
Business Overview:
TRANSWORLD BUSINESS ADVISORS OF EASTERN NC.
Specialty Industrial Contractor & Fabricator For Sale: Eastern NC
The company performs millwright, structural fabrication and pipe welding services. It fabricates/installs hoppers, non-pressurized storage tanks, process piping, etc. primarily for manufacturing operations. It has an excellent reputation, has never had a lost-time accident,
and does not advertise or undertake business development activities (virtually all work comes from either repeat business customers or by referral from other customers). Company has a consistent record of on-time and on-budget delivery of services and has a considerable work backlog through 2023. One key customer (food & beverage industry) is expected generate nearly $1/2 million in revenue through the end of 2023 and has already invited company to undertake another similar project in 2024 that should generate roughly the same revenue. The company generally operates in the Carolinas and Virginia, but has also performed services further north and west.
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Property Features and Assets:
Monthly Rent: $880.00 Square Units (Foot, Meter): 5,000 Lease Expiration Date: December 30, 2023, 9:00:00 PM Terms Options: Annual renewal, believe building owner is willing to consider multi-year lease. Facilities:1 story metal building FF&E Overview: Multiple service and pickup trucks, lift trucks, trailers, sky lifts, and welding equipment. FF&E General Condition: FF&E in excellent condition - some of the equipment is relatively new and remainder has been well-maintained.
Market Competition and Expansion:
Competition: There are other competitors in this same space within a 40 mile radius of the company, but the company's reputation allows it to maintain a regular/loyal customer base that is willing to refer other companies to obtain quotes for projects. Expansion: From Data Bridge Market Research: “North America region has a strong manufacturing base due to high consumption of consumer goods and strong industrial development. The growing production requirement is boosting the market growth because market is witnessing high demand for outsourcing solutions. Moreover, the growing adoption of Internet of things (IoT) technology in maintenance operations and the growing demand for preventive maintenance solutions will enhance the demand for industrial maintenance services in operational improvement and operational maintenance in the market. Furthermore, while the Southeast US is experiencing signifacnt manufacturing investment, North Carolina in particular has excelled in announcing new and existing manufacturing expansions in the last three years - espcially in aerospaces, automotive, food & beverage, and advanced mfg. such as chip/wafer production. Data Bridge Market Research analyses that the industrial maintenance services in operational improvement and operational maintenance market was valued at USD 1636.58 million in 2022 and is expected to reach the value of USD 2668.11 million by 2030, at a CAGR of 6.30% during the forecast period.”
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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