Listing Number: 86715-459884
Description
This well-established manufacturer of iron fences, driveway gates, handrails and arbors is for sale because the owner is retiring. All of the products it sells are manufactured and installed by skilled craftsmen who are long-term company employees. The 11,000 sq. ft. manufacturing facility and the equipment, which are included in the purchase, are sufficient to accommodate a considerable increase in sales volume. This increase in sales volume can be accomplished with minimal impact on COGS thereby maintaining the very attractive Gross Profit percentage.
The seller is selling with the business a free-standing owner occupied 11,000 sq. ft. manufacturing facility. There is sufficient plant capacity to improve volume while minimally increasing labor costs
The equipment in the plant consists primarily of work tables, welding, cutting /bending and finishing equipment as well as hand tools. There are 2 Chevrolet 4500 "install trucks"; both well maintained, sufficient to support additional growth of the business.
This is a great business to purchase and scale while increasing profitability. Owner is willing to seller finance a small portion of the sale subject to seller's final approval.
Listing Details
- Price: $ 690,000
- Down Payment: $552,000
- Sellers Discretionary Earnings: $ 121,067
- Total Sales: $ 470,031
- Location: Jefferson County, Alabama
- Inventory: $ 23,167
- FF&E: $ 104,102
- Employees: 5
- Year Established: 1973
- Reason for Selling: Owner Retirement
- Category: Manufacturing
