This Midwest metal fabrication shop focuses on laser cutting, forming, and welding, along with the design and build of custom products for a niche market. Its customer base is diversified over many industries including automotive, office furniture, automation, outdoor architecture, restaurant furniture, marine, and landscaping. The Company primarily focuses on smaller runs and quick turnarounds but has the ability to mix in production orders with the many automation innovations it has installed. The Company’s reputation for quality and fast, reliable service has attracted an impressive, loyal customer base. Its skilled, dedicated workforce and broad range of capabilities allow the Company to maintain high-quality standards and operate efficiently.
- Asking Price:
- Undisclosed Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- Over $5M
- Cash Flow:
- Over $2.5M
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
The Company's facility is set in a modern industrial park less than a half-mile off the main highway serving the area. It consists of 58,650 square feet, divided into office, production and warehouse space. The two separate office spaces hold the laser project managers and the paint rack designers. The building affords plenty of room to grow; Volumes could nearly double in the current space. The Company has stayed on top of equipment purchases. There are no pressing capital improvement needs. The Owner of the Company owns the building and land through a separate, related LLC. He is open to a sale or lease of the property to the new owner.
- Size in square feet:
- 58,600
Business Operation
- Expansion Potential:
-
Modern, spacious building – Recently expanded facility provides plenty of room for growth – as much as twice the current output. Continued increases in volume through the facility will translate quickly into increased cash flow.
Dynamic regional economy – Its service region is full of great companies constantly developing new products that require the Company’s services, and the region continues to attract new manufacturers.
New capabilities – New, state-of-the-art equipment added in 2022 will help build the customer base.
Attraction, retention – In a challenging hiring environment, the Company has successfully added the next generation of employees to its workforce through employee referrals.
- Competition / Market:
-
Diverse customers – The Company serves many industries, including automotive, office furniture, automation, outdoor architecture, restaurant furniture, marine, and landscaping.
Automation and wide range of services – Efficiencies provided by the Company’s many automated and simplified/focused operations give it a significant advantage against competitors in all aspects of laser/fabrication work.
Lean, capable team – The owner has built a solid, lean team of employees, many having long-term tenure with the Company.
Premium pricing – Its high-quality work and quick turnarounds allow the Company to charge premium prices for its services.
Resiliency – The Company has succeeded even through the 2008-09 recession and the COVID pandemic – a testament to its strong employee culture and solid customer base.
- Reasons for selling:
-
Retirement
- Trading hours:
-
Mon-Sat, Mon-Fri business working hours
- Employees:
- 35
- Years established:
- 1994
Other Information
- Support & training:
-
The Owners are willing to stay on and assist with the transition
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Furniture / Fixtures value:
- $7,300,000 - included in the asking price
- Inventory / Stock value:
- $264,700 - included in the asking price
