Very Profitable Metal Fabrication FSBO

Not Disclosed, MI
Grand Traverse County

GT Co Metal Fabricator & Powder Coating


Asking Price: Annual Revenue:
$995,000 $1,460,000

Manufacturing: Metal Products


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RE: Very Profitable Metal Fabrication FSBO Broker: Bill Malek

Quick Facts

Asking Price: $995,000
Annual Revenue: $1,460,000
Net Profit: $65,000
Cash Flow: $130,057
Total Debt: $180,000
FF&E: $487,000
Real Estate: $560,000
Year Established: 1950 Second Generation Co
Employees: 9
BBN Listing #: 87456932
Broker Reference #: 200813

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Business Overview:

The Company offers Sand Blasting and Powder Coating, Welding, Metal Fabrication, and Dock Manufacturing. The product runs are generally one at a time and prototype but are set up to manufacture up to 700 pieces.

Repair work for out of production parts and one of a kind pieces makes up the majority of their work orders. The Company manufactures Docks at a customer's request. A Company specialty is its ability to build and repair metal handrails.

Their customer base is made up of local farmers, manufacturers, and the general public.

The Company also employs an office assistant, two sandblasters, two welders, and two floating workers plus the partners who provide all of the management. Owners provide all management responsibilities.

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Property Features and Assets:

Real Estate: The premises are currently used for manufacturing and fabrication. Property Tax Records show that in 2019 the current State Equalized Assessed Value was $2,920.79 per acre. The occupied buildings equal 13,062 square Feet. Assets: The sale includes all tools and equipment necessary to operate the business. Two Company vehicles are titled to the Owners are omitted.

Market Competition and Expansion:

The Company performs relatively small jobs, and as such, it has little competition in its space. Ace Welding performs some fabrication. Another competitor is Actron Inc. is a metal fabricator known for its role in the construction industry and large projects. Jacklin Fabricators is a Company the is also known for large projects and construction.

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.

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