Midwest-Based Specialty Piping Company

Not Disclosed, OH


Asking Price: Annual Revenue:
Not Disclosed $6,100,000

Manufacturing: Metal Products

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RE: Midwest-Based Specialty Piping Company Broker: Shu Ghosh
License #: 6505349567
Owner Financing is Available!

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $6,100,000
Net Profit: $226,000
Cash Flow: $1,000,000
Total Debt: $5,800
FF&E: $86,000
Real Estate: $400,000
Year Established: 1985
Employees: 41
BBN Listing #: 314523188
Broker Reference #: NVC2195

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Business Overview:

This specialty piping Company designs, fabricates, installs and services process and industrial piping systems for the food and beverage, chemical, petroleum, plastics, packaging, textile, pulp and paper, automotive, steel, and pharmaceutical industries in the Midwest. It provides design, construction and installation of such systems and customer service beyond project completion. The Company’s earned reputation for quality workmanship, safety, reliability, trust and experience has prompted its customers to rely on them as a single source for all piping needs, and led to an enviable client retention rate, with some relationships extending 20-25 years. Its highly qualified and certified workforce, outstanding safety record and institutional expertise have the Company poised for continued growth.

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Property Features and Assets:

The Company has operated at its current location since 1998. The facilities, available as part of the purchase, are owned by a separate LLC which in turn is owned jointly by Company owners. Facilities include a 7,529-square-foot office/shop/garage complex and a 910-square-foot detached former home that could be used as a support office. The main building was constructed in 1965 and renovated in 1999, while the detached structure was built in 1950. The buildings are on a 0.355-acre, or 15,466-square-foot, site which is zoned for Manufacturing General use. The location is near major interstates, and a December 2018 appraisal estimated the land and buildings’ value at $400,000. The Real Estate is available for purchase with the business.

Market Competition and Expansion:

Sales are 80% local, 10% within the three states that the Company serves, and 10% regional. Sales are won in a variety of methods: fixed bid, time and materials, and maintenance contracts. On fixed-bid projects, Quality Mechanicals usually is competing with two or three other bidders. The Company’s success rate in such situations is 25% to 30%. The Company focuses on winning business within two hours of its location to minimize travel costs and maximize competitive pricing. From Oct. 1, 2019, through Aug. 10, 2020, the Company billed 41 different customers. No large customers were lost or added in the last 18 months that will materially affect the business.

Reason for Selling:

Owner wants to retire.

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.


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