Business For Sale

Steel Fabricator & Erector Co.

Not Disclosed, NJ
Warren County


Asking Price: Annual Revenue:
$3,250,000 $23,338,948

Manufacturing: Metal Products


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RE: Steel Fabricator & Erector Co. Broker: Ron Cervelli
Owner Financing is Available!
Is available to a qualified buyer with an appropriate down payment.

Quick Facts

Asking Price: $3,250,000
Annual Revenue: $23,338,948
Net Profit: Not Disclosed
Cash Flow: $1,078,696
Total Debt: Not Disclosed
FF&E: $11,593,100
Real Estate: Not Disclosed
Year Established: 2003
Employees: 55
BBN Listing #: 33823909
Broker Reference #: MANF116

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Business Overview:

This long-standing business opportunity represents the sale of a highly successful steel Fabricator & Erector company. The company founded in 2003 as a recognized industry leader in the fabrication, design, engineering, and erection of structural steel throughout the New Jersey, Pennsylvania and New York area. The company goal was to successfully exceed client expectation by focusing innovation, knowledge and commitment on every commercial project. Their reputation for exceptional performance over a comprehensive spectrum of steel fabrication and erection projects can best be appreciated by viewing the steel structures they have successfully completed. They apply an exceptional fabrication methodology to every type of structural challenge. They are proud of their Steel Fabricators projects based on the craftsmanship, signature precision technique for preparing of their final products. They have the ability to perform difficult projects and large metals projects due to their knowledge of the industry and with the help of their quality staff. Since 2003, this locally-owned Steel Fabricator, has been involved in the construction of hundreds of recognized and admired projects, including several classic landmark structures. The company has become one of the largest providers of structural steel throughout the New Jersey, because their clients have been able to rely upon them to meet the exacting standards and requirements of their projects regardless of scope, size or complexity. They ensure that the confidence placed as their fabricator of choice is justified by always rendering up that rare commodity, a cost-effective quality project, delivered on time and within budget. You will find the company to be innovative, responsive and a customer focused organization in the industry. They offer quality product and services with custom design in the New Jersey and metropolitan area. The company has an outstanding reputation to deliver quality products on time with competitive prices. The company has 55 full & part time union employees who are unaware of the pending sale and fully expected to remain post-closing and the monthly payroll is fully reported and can be evidenced. Based on the 2017 Financial Statements, the company’s gross income was $23,338,948 and a net income of $1,078,696 prior to amortization, depreciation and officer salaries. Due to the nature of the industry, the retainable continue to be quite substantial, representing $1,800,000 in 2017. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a wonderful return on investment the first year, to the owner operator prior to debt service.

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Property Features and Assets:

The company recently purchased and remodeled a modern facility on 10 acres allowing for substantial expansion. The sale consists of two separate companies at one commercial location, conveniently located in northern New Jersey nearby to various state highways. The facility consists of a 40,000 square foot building, on a 10-acre site.

Market Competition and Expansion:

There are limited competitors in the industry due to the extensive required capital investment. Also to the best of our knowledge, no other new competitors are expected near to this. Seller owner has agreed to supply an appropriate, non-compete agreement to the purchaser. The business does not have an effective marketing plan, which, if instituted can further expand and develop the business yearly income and growth.

Reason for Selling:

The seller / owner has elected to retire after many successful years.

Additional Details:

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

Documents:

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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