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Listed by:

Transworld Business Advisors of Longbeach Tustin

Large Steel Manufacturer With Contracts And Potential For Sale

Los Angeles, California - South, US
Asking Price:
$2,500,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$5,887,315
Cash Flow:
$679,072

The company manufactures steel frames for buildings and other projects. They have outgrown their space, currently doing between $5M-$8M out of a 6,000 sqft. space, on a 2 acre lot. They have a lot of equipment and assets, and they could easily double or triple their annual revenue if they upgraded their space to around 20,000 sqft, as they could take on many more projects. Currently, they have to turn down a lot of contracts because they don't have the capacity to take them on. They are not able to take advantage of bulk pricing on materials either due to space limitations. They could easily double their profitability with an increase in operating capital and an upgrade in space. Once the steel frames have been custom built, they have a team of contractors that handle the installs as well.

-$2.5M Asking Price - Does Not Include AR
-With AR - Asking Price Estimated $4.1M
-Equity Value Estimate $3.1M

Property Information

Real Estate:

Lease

Lease Terms:

Type of Location Industrial, Monthly Rent $4,766.67, Square Units (Foot, Meter) 30,000

Location:

2 restrooms, street parking and parking available in the lot. A break room.

Premises Details:

For the last 25 years, company has provided its customers with the highest quality of metal fabrication in the construction industry. Our company's work experience is vast, diverse, and includes residential, commercial, and public works projects. lays home to a 6,000-sq ft. L.A. City Certified facility for projects ranging from $500K-$3M. As signatories to both the Local Ironworkers and Local Operating Engineers Unions, our firm houses a staff and labor force that is committed to completing all our customer's projects in accordance with the highest standards of quality and efficiency.

$4.15M Includes AR - Without AR Price is $2.47M

Size in square feet:
30,000

Business Operation

Expansion Potential:

There is a huge potential for growth. This company currently has to turn down several contracts per year due to size and capacity constraints. With the right partner, or the right buyer, this company could double if not triple its annual revenues if operating at new full capacity. The owners project that they will do $12MM - $15MM in revenue a year in a larger facility (20,000 sqft. desired).

Reasons for selling:

They are looking for a partner offering 49% of the business so they can grow, or will consider an outright sale if the asking price is met.

Trading hours:

7 AM - 3:30 PM Mon - Fri

Employees:
24
Years established:
25

Other Information

Support & training:

Seller will train for 4 weeks

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller will finance $500,000.00

Furniture / Fixtures value:
$900,000 - included in the asking price
Inventory / Stock value:
$25,000 - included in the asking price
Relocatable:
This business can be relocated.

Contact Transworld Business Advisors of Longbeach Tustin

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