Welding Services

Lac La Biche, AB

Welding Services

Asking Price:$1,799,000

Cash Flow:N/A

Gross Revenue:$2,146,115

EBITDA:N/A

FF&E:$519,975

Inventory:$97,172

Real Estate:N/A

Established:2009

Welding Services

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Business Description

This is a full service provider of structure fabrication services with clients located throughout North Central Alberta. The company was incorporated in April 2009 by two shareholders who have been involved in the day to day operations of the business since it was founded. Their client’s are diverse and include leading companies in the forest products, oil and gas, pipeline and construction industries, as well as municipalities. Their services include shop and portable services, b-pressure, plant maintenance, structural fabrication, oilfield and heavy equipment repair, and aluminum and stainless steel welding.

Please note the Revenue is based on a 3 year average.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
8,000
Employees:
8+
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company's 19.5 acre site is off the highway and is easily accessible. They have a brand new 8000 square foot shop building with 8.5 acres of fenced area that provides ample secure storage. The premises/property are for sale under a separate cover.
Competition:
Business is well established with many repeat customers and secured contracts. All employees and subcontractors are engaged locally. Reputation for quality workmanship and staff have necessary welding experience and safety certification. CORE certified and registered with ISNet World and ComplyWorks and is also a member of the Chamber of Commerce. The company also holds ASME and CWB certification.
Growth & Expansion:
The business has grown rapidly since its inception in 2009. Great location that provides ample secured lay down storage space, allowing the business to maintain a larger inventory of stainless steel for resale to its regional customers. Client's include oil and gas producers and service companies, forest products companies and pipelines and municipalities. Given the recent down turn in the energy sector the company has worked to diversify into other sectors such as providing maintenance shutdown services. In addition to mobile and in shop fabrication services, the company generates additional revenue by selling stainless steel and other welding and safety products.
Financing:
Negotiable
Support & Training:
Yes
Reason for Selling:
One of the shareholders is relocating outside of the province.

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Neil Gerritsen

Business Listed By:
Neil Gerritsen

Alberta Business Sales Inc.

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