Commercial and Industrial Steel Fabricators (37788)
ManufacturingFor Sale in TX
Financial & Assets Details
About the Business
Centrally located between three major metros in Southern Texas, this offering specializes in welding and fabrication from steel, stainless or aluminum products to structural framing for buildings, roofing, and hoisting systems, as well as decorative doors and gates. Utilizing waterjet machines for a positive shift in newer contracts, business also offers quality custom work built to specifications and can provide fabrication drawings in house. Servicing industrial and commercial customers within a 250 mile radius, the company has excellent reviews and a great reputation making it an ideal investment opportunity. The fabrication building of 5,000 square feet is situated on 2 acres of land surrounded by an 8-foot privacy fencing, available to purchase or hold a triple net tenancy of $3,500 per month. Property is in prime condition and comes zoned for unrestricted use, features office spacing with warehousing for project-varying inventory, which includes a stock of stainless steel and aluminum. Keeping consistent Owner Profit Margins of 29% to 35% despite aftermaths of the global pandemic, Revenues for 2022 reach projections of $1,167,000 alongside Seller Discretionary Earnings of $250,000. Facility is able to handle extra capacity for future needed expansions. Company is capable of growing towards increased revenue and profits with assertive plans, strategies, and added personnel. A skilled and experienced team of four nonunion employees agree to stay on board post-sale. The owner will continue with business operations during a transition period of up to one year. Outside of limited social media engagement, marketing efforts have been minimal, and growth has successfully relied on referrals from their large and recurring client base. Aggressive advertising and a company website would likely create additional growth opportunities. Seller obtained a third-party, unbiased independent valuation.
Negotiable up to 20% for the right buyer.
Land is available for optional purchase outside of Asking Price!
Support & Training
Standard Owner Transition period of 1 year.
Reason for Selling:
Approaching retirement and/or pursuing other interests.