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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
Type of Location Industrial, Monthly Rent $4,766.67, Square Units (Foot, Meter) 30,000
2 restrooms, street parking and parking available in the lot. A break room.
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
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).
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.
7 AM - 3:30 PM Mon - Fri
Seller will train for 4 weeks
Seller will finance $500,000.00
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