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Full Steel Manufacturing Sales An Services For Sale

North Dakota
Asking Price:
$2,000,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,509,000
Cash Flow:
$534,000

All Inclusive! Founded in southern North Dakota in 1978, this company specializes in custom metal fabrication for the agriculture and energy industries. The company’s primary products include hopper bottom grain tanks, oil well storage tanks, silage trailers, and other livestock equipment. Offering these products requires heavy duty handling equipment, specialized tools, and experienced welders. The company has a proven track record, supported by loyal customers over the years. With its broad range of products, marketing efforts target farmers, cattle ranchers and other manufacturers in North and South Dakota, Montana, Wyoming, and Minnesota. Revenues have been steadily increasing at 12% annually. Outdoor activities such as hunting and sport fishing are hobbies for this area. Ice fishing, skiing, and snowmobiling are also popular during the winter months.

An huge growth opportunity exists to capture a greater share of the market through hopper bins with the right capital. Currently, 90% of the company’s hopper bottom grain tanks, livestock equipment, and fuel tanks are sold to farmers, ranchers and other manufacturers. Energy accounts for 10% of the company’s oil well storage tanks are sold to oil and gas drillers. This owner operated business is managed in a hands-on fashion giving the owner full control over the quality of products and the customer service provided. The success of this business is solely based on repeat and referrals, less than $5,000 invested into advertising. A new owner would do well to increase inventory and sales efforts. Contact David Michaelson at information on this business!

Property information

Real Estate:

Real Property Included

Premises Details:

The Company operates from a 15,600 square foot facility which includes office space, work shop and production areas, inventory and equipment storage. While the property is included in the sale, a long term lease might be negotiable. The business could be expanded into additional regions of the U.S.

Business Operation

Reasons for selling:

Other interest

Trading hours:

Days: Monday-Friday Hours: 8:00am-5:00pm

Employees:
7
Years established:
2000

Other Information

Support & training:

While the owner will be available for a transitioning, the rest of the staff would most likely be available after the sale.

Furniture / Fixtures value:
$900,000 - included in the asking price
Inventory / Stock value:
$250,000 - included in the asking price

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