Metal Fabricator/ Structural Metal

Business Overview:

Established in 2010 to help satisfy the high demand for structural metal fabrication. The company's growth is a testament to the high quality and dependability that clients have come to expect. Revenue has grown from $770,000 in 2017 to $992,000 in 2018 and to over $1,330,000 in 2019. Q1 of 2020 is outpacing Q1 2019. The owner and I full time employee handle the current volume. It is the owner's opinion that it is time to add another employee as the revenue continues to grow.
The seller's discretionary earnings (SDE) for 2019 were $320,000. There is approximately $250,000 to $300,000 in equipment value. The owner outsources the back office work such as estimating and detailing. This has led to great dependability and consistency along with efficiencies making them very competitive in their space.The owner is at the time in his life where he is ready to retire. We are asking $930,000.

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Property Features and Assets:

Established in 2010 to help satisfy the high demand for structural metal fabrication. The company's growth is a testament to the high quality and dependability that clients have come to expect. Revenue has grown from $770,000 in 2017 to $992,000 in 2018 and to over $1,330,000 in 2019. Q1 of 2020 is outpacing Q1 2019. The owner and I full time employee handle the current volume. It is the owner's opinion that it is time to add another employee as the revenue continues to grow. The seller's discretionary earnings (SDE) for 2019 were $320,000. There is approximately $250,000 to $300,000 in equipment value. The owner outsources the back office work such as estimating and detailing. This has led to great dependability and consistency along with efficiencies making them very competitive in their space.The owner is at the time in his life where he is ready to retire. We are asking $930,000.

Market Competition and Expansion:

Established in 2010 to help satisfy the high demand for structural metal fabrication. The company's growth is a testament to the high quality and dependability that clients have come to expect. Revenue has grown from $770,000 in 2017 to $992,000 in 2018 and to over $1,330,000 in 2019. Q1 of 2020 is outpacing Q1 2019. The owner and I full time employee handle the current volume. It is the owner's opinion that it is time to add another employee as the revenue continues to grow. The seller's discretionary earnings (SDE) for 2019 were $320,000. There is approximately $250,000 to $300,000 in equipment value. The owner outsources the back office work such as estimating and detailing. This has led to great dependability and consistency along with efficiencies making them very competitive in their space.The owner is at the time in his life where he is ready to retire. We are asking $930,000.

Reason for Selling:

Retiring

Additional Details:

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