Big Potential in Western PA Heavy Steel Fabrication! (37642)

ManufacturingFor Sale in PA

Listing ID: Big Potential in Western PA Heavy Steel Fabrication! (37642) | Broker Listing ID: BLP974683

Financial & Assets Details

Revenues: $908,169

Cash Flow: $168,482

FF&E: $391,500

Inventory: $150,000

Inventory Inc. in Price: Yes

Real Estate: $1,700,000

Square Feet: 10,000+/-

About the Business

Real Estate Included: Yes

Year Established: 1983

Employees: 6 nonunion.

Seller Financing: Yes

Business Description

Primed for easy growth opportunities, this high-quality, heavy steel fabrication shop has field erection equipment to service several industries. They specialize in building storage tanks, cat walks, ladders, manways, bridges, pipe racks and other various structures based on customer specifications. In addition to the steel fabrication manufacturing, they also offer delivery and installation with products ordered, setting them apart from competitors. With six field experienced, nonunion employees and a proven track record supported by over 35 years of ongoing business, several growth opportunities are presented for a strategic buyer. While the company currently focuses on building API shop tanks up to 12’6 diameter by 52’ high, the facility can handle any size up to 1” thick. Located on 3.49 acres of land and commercially zoned with large parking area for equipment and tractor trailers, the 10,000 square foot facility includes 60 foot, clear span overhead cranes. The shop is also equipped with 600-amp, 480 volt, 3-phase electric and heavy fabrication equipment with complete field erection equipment and a welding trailer with a self-contained generator. Due to the current owner’s preference, marketing efforts focus on targeting individuals and contractors primarily throughout Western Pennsylvania. However, the company has also serviced clients in other states and the new owner could increase revenues by bidding on larger projects not only statewide, but especially throughout the US. Benefited by a large repeat client base and a strong local reputation, company is currently projecting over $1,000,000 in gross revenue for 2020, as total revenue in 2018 and 2019 reached over $900,000 and Seller’s Discretionary Earnings were around $168,000.