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Tank And Vessel Manufacturer In Texas For Sale

Houston, Texas, US
Asking Price:
$3,900,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$3,651,462
Cash Flow:
$346,723

Tank and Vessel Manufacturer with over 40-year history in Texas is now for sale. 2019 Sales of $3,651,462 resulted in Seller’s Discretionary Earnings of $346,723. The 2021 RFQ (Requested for Quote) activity is strong. Business is positioned for full recovery. This metal manufacturing plant fabricates, repairs and re-conditions pressurized and non-pressurized tanks and vessels. Customers are in the commercial and industrial refrigeration, utility, chemical process, natural gas and petrochemical industries. Employees are highly skilled, knowledgeable and have a track record of providing stellar customer service. Majority of the customer base is in-state. Potential for regional and national growth is unlimited. The purchase price includes the furniture, fixtures, equipment and Goodwill of the operating business. Price also includes the Real Estate. Ideal owner will have direct industry experience in the Manufacturing industry with some knowledge of engineering; being an engineer is a plus. This is neither an offer nor a solicitation to sell securities. Real Estate Brokerage License on file. For more information, please contact Gateway Mergers & Acquisitions at

Property Information

Real Estate:

Real Property Included

Location:

Customer base is located primarily in Houston, Texas, though customers are throughout the state and nation.

Premises Details:

Four (4) buildings on property with easy ingress/egress from the main road. Two of the buildings are used in the day-to-day operations of the business. The other (2) buildings are currently leased and are monthly income to the business.

An additional 10 Acres is included in the purchase price for expansion of the current business or a new owner's diversification into another opportunities.

Size in square feet:
22,000 +/-

Business Operation

Expansion Potential:

Currently, a small portion of the revenue is generated from out-of-state customers. Developing a marketing plan and sales team could dramatically increase revenues generated from outside of Texas.

Competition / Market:

Over 40 years manufacturing excellent products and providing stellar customer services. Employees are tenured, skilled and knowledgeable. Majority of the customer base is in-state. Potential for regional and national growth is unlimited.

Reasons for selling:

Retirement

Trading hours:

Shop Hours: Monday - Thursday 6 a.m. to 4:30 p.m. and Friday 7 a.m. - 4:30 p.m.
Office Hours: Monday - Friday 7:30 a.m. - 4:30 p.m.

Employees:
12FT/1PT
Years established:
1979

Other Information

Support & training:

Seller is committed to successful transition to new ownership. 30 days of on-premises training followed by up to 60 days of telephone and email support is included in the Asking Price.

Furniture / Fixtures value:
$200,000 - included in the asking price
Inventory / Stock value:
$25,000 - included in the asking price
Relocatable:
This business can be relocated.

Contact Gateway Mergers & Acquisitions

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