Texas Tank & Vessel Manufacturer #2006

Financial & Assets Details

About the Business

Business Description

Tank and Vessel Manufacturer with over 40-year history in Texas is now for sale. Business is positioned for full recovery. The 2021 RFQ (Request for Quote) activity is strong. New customer activity is outpacing prior years. 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 and the Real Estate. Ideal owner will have direct industry experience in the Manufacturing industry with some knowledge of engineering. Buyers who are engineers, or with engineering teams, will be uniquely capable to compound the potential for rapid growth. 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 972-219-6961.

Growth & Expansion

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.

Market Competition:

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.

Location 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.

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.

Reason for Selling:

Retirement