Full service marine sheet metal shop with real estate. The company has an excellent reputation for providing top quality fabrication, custom design, job shop service and products to commercial, industrial and marine customers. They do extensive stainless steel, aluminum, copper and carbon steel fabrication for food service, petroleum, chemical and marine use with emphasis on custom installations. Fully equipped shop with a CNC plasma cutter with new software, 175 ton power press break with a 10â€™ bed, metal shear with 10-foot bed, power plate roller, cold cut saw, fork lifts, 75-ton hydraulic punch, good web site, trucks and trailer and much more. Customers are all along the Gulf Coast. The building is 10,250 SF on about 2 acres and is included in the purchase price. This 13-year old business had a strong earnings record until 2008-2009 when the owner got distracted by another business he was involved in. At this time he more or less abandoned General and let it run with only 2 employees and did not pursue any new business. In 2010 he renewed his interest and started building the business. As a reference in 2007 they had revenues of $1,851,427 and cash flow to the owner of $575,000. For 2009 revenues were $298,274 and ownerâ€™s net was $74,883. For 2011 revenues were back to $1,784,197 and the business is projected to go well over $2,000,000 in revenues for 2012. Now they are back to 14 plus employees and for Year-to Date 2012 revenues are $1,036,844 and cash flow to the owner is $256,127; this is for just 6-months. The business has an additional $1,800,000 in new contracts and work in progress. The Gulf Coast and Mobile is booming and this business offers a great opportunity and facility to grow with the area.
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Reason for Selling:
- 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.