Custom Sheet Metal Fabrication - BOUGHT FEB '19 |
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Business Summary:
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Specializing in duct work for the heating and cooling industry and have hundreds of customers. They produce ducts for commercial (60%), residential (25%) and industrial (15%) projects. New construction accounts for 30% of their jobs while the other 70% is remodeling of existing buildings. The products they produce are specific to the job so they do not have finished goods in their shop. |
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Listing ID:
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Listing co-brokered by ABA
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Location:
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West Michigan
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Type of Business:
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Specialty sheet metal fabrication company
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Asking Price:
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$800,000
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Gross Income:
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3 year average revenue of approximately $710,000
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Cash Flow:
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$192,000
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Inventory:
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Included
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FF&E:
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Year Established:
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1987
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# of Employees:
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5 (Owner plus 4 F/T)
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Facilities / Lease Terms:
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Office and manufacturing facility is available for lease.
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Real Estate:
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Available for lease.
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Growth Opportunity:
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They are growing and could use another employee as they are turning away a lot of work. Business could be over a $1,000,000 in annual revenue but space and people are currently limiting their growth. However, their lease expires at the end of the year. With this opportunity to relocate, you could plan for future growth.
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Competition:
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Competitors in this industry include other heating and cooling companies who produce their own ducts for themselves and others, and a few direct competitors in the area.
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Financing:
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Support & Training:
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Seller is willing to help in the transition to the new owner and is flexible from a few weeks to a couple of months.
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Reason for Selling:
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Retirement. Owner will assist in the transition.
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Broker Contact:
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Larry Baumgart – Advanced Business Advisors, LLC
Office: 269-383-2940 Fax: 248-564-5259 E-mail: Larry.Baumgart@AdvancedBusinessAdvisorsLLC.com |
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*The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility.
Above information is subject to change and/or correction and should not be considered binding.
