Value-Added Commercial Structural Steel Fabricator

AL

Value-Added Commercial Structural Steel Fabricator

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$12,948,000

EBITDA:$1,334,000

FF&E:N/A

Inventory:N/A

Established:N/A

Value-Added Commercial Structural Steel Fabricator

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Business Description

A structural and miscellaneous steel fabricator specializing in commercial and municipal work for shopping centers, office buildings, warehouses, grocery stores, hospitals, and industrial work. The company has solidified a reputation of integrity and quality fabrication services in the market for over 30 years.

Key Aspects
· Compound annual growth rate in revenue of 25% from 2013 through 2015
· Repeat business constitutes 75% of revenue
· Secures some projects through invitations to bid
· Competitive profit margins for the industry
· Secured backlog of $3.89M as of July 2016
· Experiencing growing volume of bid invitations
· Strong project management and sales personnel
· Key personnel have been employed for 20- to 32-years
· Dedicated team of 52 people
· Certified by the American Institute of Steel Construction (AISC)

Detailed Information

Facilities:
The company operates from a 31,200 sq. ft. facility leased from an affiliated entity. The real estate is available for sale. There is room to grow in the current location.
Competition:
· Increase manpower - currently, not able to bid on every job available · Hire full-time outside sales representatives · Expand production capacity by investing in additional machinery and equipment · Create a website and advertise in trade magazines to continue to bring in new customers
Support & Training:
The three owners are approaching retirement and would like to get a plan in place in order to have more time to spend with their families and travel. There is a management team in place and the owners are available for a handover period.

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Dara Shareef

Business Listed By:
Dara Shareef

Benchmark International

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Sponsoring Broker:
Emily Cogley

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