Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Listed by:

Codiligent LLC

Broker license number: 200309075

Established Steel Fabricator With Reliable, Repeat Customers In Washington For Sale

Washington, US
Asking Price:
$5,990,000 Furniture / Fixtures included
Sales Revenue:
$5,351,722
Cash Flow:
$1,155,350

This custom steel fabrication business has developed a 40-year reputation with dealers and customers by providing well-designed, quality, differentiated products that meet exacting client standards, while providing exceptional service and on-time delivery.

The business fabricates mezzanine systems, catwalk systems, access stairways, railing systems, and custom material handling systems, amongst other products. Customers include, but aren’t limited to, national retailers, fuel centers, general contractors, and dealers.

Its top customer, a $30+ billion market cap public company, has provided ~$1.3 to $2.6 million in annual revenue for each of the past seven years, and this customer is pursuing an expansion strategy which bodes well for continued demand for continued demand for this steel fabricator's products.

Property Information

Real Estate:

Lease

Leasehold Rent:

$240,000 per annum

Location:

In close proximity to a exit on/off ramp for I-5 North and South, and near and East-West interstate making it easier to transport products to customers, and receive materials.

Premises Details:

The business is operated from a 20,000 sq ft building on 2 acres of land. The building is clean, in great condition, well organized, and efficiently configured. The principal of the business owns the real estate separately with another partner and lease the property to the business. The real estate will be leased to a business buyer with rent and terms consistent with the current terms. The equipment is high quality, well maintained, and in good working order.

Size in square feet:
20,000

Business Operation

Expansion Potential:

This business has been content with maintaining a fairly consistent level of business over the past several years. Consequently, the only real marketing the business has done for years is maintaining its website, and being part of a paid industrial directory. Roughly 40% of business comes from dealers who sell for it, and 60% comes from direct customers. At least six opportunities for growth have been identified.

Competition / Market:

This is a fragmented industry comprised primarily of family-owned businesses with 10-100 employees that serve local or regional markets. By consistently providing well-designed products that meet exacting customer standards, delivered on time, with exceptional service, and a low defects rate, it has developed a brand that's a durable competitive advantage which has resulted in repeat business, with some of its customers using its products well beyond this business' Pacific Northwest region.

Reasons for selling:

Retirement

Trading hours:

M-F. A single day shift.

Employees:
12
Years established:
1983

Other Information

Support & training:

Seller will ensure that buyer is fully trained and is open to a longer transition period

Furniture / Fixtures value:
$500,000 - included in the asking price
Inventory / Stock value:
$113,419
Related Documents:
Relocatable:
This business can be relocated.

Listed by

Codiligent LLC

Broker license number: 200309075

View 1 Codiligent LLC listings