Large Steel Manufacturer With Contracts & Potential 49% Offering

Listing Number: 95371-795111

Description

The company manufactures steel frames for buildings and other projects. They have outgrown their space, currently doing between $6M-$7M out of a 6,000 sqft. space, on a 2 acre lot. They have a lot of equipment and assets, and they could easily double or triple their annual revenue if they upgraded their space to around 20,000 sqft, as they could take on many more projects. Currently, they have to turn down a lot of contracts because they don't have the capacity to take them on. They are not able to take advantage of bulk pricing on materials either due to space limitations. They could easily double their profitability with an increase in operating capital and an upgrade in space. Once the steel frames have been custom built, they have a team of contractors that handle the installs as well.

Listing Details

  • Price: $4,600,000
  • Down Payment: $3,680,000
  • Sellers Discretionary Earnings: $222,482
  • Total Sales: $7,320,850
  • Location: Los Angeles County, California

  • Inventory: $25,000
  • FF&E: $25,000
  • Employees: 20
  • Year Established: 1994
  • Reason for Selling: They are looking for a partner offering 49% of the business so they can grow, or will consider an outright sale if the asking price is met.
  • Category: Manufacturing
Large Steel Manufacturer With Contracts & Potential 49% Offering

Business Listed By:

Christopher Beckman