Multi-Grossing Metal Manufacturer in New Mexico! (17638)

Financial & Assets Details

About the Business

Business Description

Servicing an out-of-state majority in repeating customers, this thriving two-in-one custom welding and metal manufacturer in Northwest New Mexico offers various-sized ASME certified pressure vessels as well as production tanks to oil and gas conglomerates. Such as those used for water, fuel, frac, chemicals or underground storage; while also providing landings, ladders, cat-walks, truck beds, vehicle upfitting, tool boxes, gates, skids, machining, repairs, decorations and accessories. Headquartered at a prime location, the seller owned facility of 42,000 plus square feet features ample parking lot space and industry acreage for warehousing; is also zoned for commercial/industrial use. The property is in excellent condition and may be purchased alongside the business. The ideal buyer profiles could be a successful, high performance machine shop owner looking to expand its service offering or an emerging manufacturer interested in expanding its portfolio holdings. The enterprise comes with a long time and loyal management team that operates a combined operation consisting of 26 nonunion employees with vast field experience. Ownership would commit to an appropriate transition period to ensure a successful handoff. It comes with a track record of successfully attracting steady and profitable customer projects from word-of-mouth referrals and through online industry bid sources that convert into new clients. The floor operation has enough capacity and state of the art equipment to support a broad range of inventory requirements. 2019 Revenues reached $6,491,883, along with an Adjusted EBITDA of $1,516,694 and are back on track to achieve those milestones in 2021. Independently evaluated.

Seller Financing

Financing is negotiable for the right buyer.

Location Details:

Listing is available as a Business Only purchase for $5,100,000. Property features ample parking lot space and industry acreage for warehousing, estimated at $2.5M As well as high/low inventory ranges between quarters and state-of-the art equipment, $300K if which is brand new.

Support & Training

Absentee owner available for a smooth transition.

Reason for Selling:

Approaching retirement and/or pursuing other interests.