Tupelo Data Room
Heavy Construction, Other Building & Construction, Industrial & Commercial Machinery, Other Manufacturing, Other Transportation & Storage
Active

Steel Fabrication Erecting biz. Grow with Automation $1.3M Profit

Cook County, Illinois, United States
listing image
Asking Price$15m
Revenue$14.41m
EBITDA$1.27m
Cash Flow$1.27m
Description
Highly profitable 34 year business, run by old school operator the old fashioned way. Seller has plans to 4x both sales & capacity; but, his partner does not have the energy to do it-so he needs a buyer to see this fulfilled. ((Includes 5+M of receivables, all inventory, 3M of real estate, includes everything )) Seller just purchased land next door to make it happen; they are always busy with the work they can produce. Buyer could add a night shift, by having a supervisor oversee production. Employees very happy and enjoy their jobs. Seller will stay on -indefinitely- for the right fit, reducing his role to sales and assisting buyer to 4x sales & capacity. Seller immigrated to the US, started as a line worker, no education, but learned the business and expanded. Every one of the 3 expansions he did, filled the void within months at the new expansion capacity. Seller is old school, a buyer who can automate each aspect of the company, will yield tremendous payback as well. Business Includes everything. Receivables, Work in progress, Real Estate, business, inventory, large cranes and other large machines, able to cut, fabricate, transport, erect and install new structures that endure. The new economy will need lots of steel production. Can you grow together in the next new wave of manufacturing?
Real Estate
$3mIncluded in Asking Price
Building Size: 21000 sq. ft.
Furniture Fixtures & Equipment
$1.07m
Inventory
$900kIncluded in Asking Price
Number of EmployeesFull-Time: 17Part-Time: 2
Year Established
1991
Reason Selling
Age & retirement
Facilities & Assets
Building, land, cranes, large grinding-cutting-moving-saws and more
Support & Training
30 days free with sale, Owner will stay on up to 1 year
Market & Competition
Growing
Growth Opportunities
Accept more bids, expand into anything needing manufacturing, fabrication and steel usage and/or erection
Financing Options
The SBA 7a limit is $5Million; you need conventional, seller may hold b/t 5-10% note
Asking Price$15m