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Steel Fabrication Installation Business With Public Works Contracts For Sale

Suffolk County, New York
Asking Price:
$2,750,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$3,965,248
Cash Flow:
$965,443

Introducing an incredible opportunity to acquire a custom steel fabrication and installation business with public works contracts throughout the greater NYC metropolis. For over 14 years The Company has built a reputation as a reliable and experienced contractor for government, commercial and private custom steel and projects. Over the years they have refined and leveraged their team’s skill set, offering unprecedented quality and gaining an edge over the competition. The average tenure of the staff is over 10 years.

The Company can take on a wide variety of projects including wrought iron fencing, park equipment installation, custom fabricated ornamental building materials, tree guards, and lucrative historical restorations. NYC recently implemented the "1,000,000 trees" project, many of which will need tree guards ($1000 each). Furthermore, this company is one of few that can take on historical restoration jobs, some of which can reach six figures. The business currently has a backlog of work and they can turn down jobs regularly to focus on the high margin projects they thrive on. The Company has accomplished all of this with very little marketing, presenting a unique opportunity for a new owner that wants to expand. There is more than enough work to grow if desired. The sale will include all the vehicles, equipment and stock materials necessary to continue operations, valued at over $600k. It should be noted that The Company is a designated woman-owned business and holds an H H1-GC license. The seller will work with a new owner to make sure they remain properly licensed. The seller is dedicated to providing transition support. Please inquire with Lighthouse Business Brokers to sign an NDA and receive more information.

Property Information

Real Estate:

Lease

Lease Terms:

2.5 Years remaining on lease, with renewal options available.

Leasehold Rent:

$66,000 per annum

Lease Rent:
$10 per sq ft per annum
Location:

Greater NYC Metropolis

Premises Details:

Operated out of a 6,800 building with office space, a workshop and outdoor storage. The lease has 2.5 years with renew options.

Size in square feet:
6,800

Business Operation

Expansion Potential:

The Company currently does little to no marketing. If a new owner wants to grow the business they can simply add marketing campaigns and new project opportunities will come piling in fast. Additional team members will likely be needed to take on the extra work, but the additional profits will make it worthwhile.

Competition / Market:

The Company has proved their ability to win jobs and deliver results time and time again.

Reasons for selling:

Retirement

Trading hours:

Monday - Friday

Employees:
20 - Average Tenure is 10 yrs
Years established:
2005

Other Information

Support & training:

The employees are expected to stay on. The seller will provide thorough training and ongoing support.

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

Negotiable with a strong offer.

Furniture / Fixtures value:
$528,500 - included in the asking price
Inventory / Stock value:
$100,000 - included in the asking price
Website:
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Relocatable:
This business can be relocated.

Contact Information

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