Seller Financing Available
Steel Frabrication and Manufaturing PROs!
Steel MFG w Loss Carry Fwd & Reatining Earnings
This is a "C" Corporation with $900,00 in Retained Earnings and $400,00 in Receivables. This ALL goes with the $2,150,000 Asking Price. Also, so does several hundred thousand dollars of Loss-Carry-Forward".(LCF) So does the Million Dollars in Bid contracts. The equipment FMV is over $500,000 and would fetch at least $250,000 even in a quick sale of assets. A Buyer with one or more other companies could blend in the LCF and systematically cash out the Retained Earnings while operating the business profitably.
This company operates throughout Central and Northern California. Structural Steel and erection is actively sought out by Builders, Contractors, and Sub Contractors, from High-Tech Class Rooms (Silicon Valley) Clean Rooms to Private homes to Small, Medium and Large Buildings. From Assembly line set-ups to steel erection and seismic up grades, that is their business model. They employed up to 30 people.at their peak before the Recession, including an Operations Manager, Estimator, Structural Detailers and Shop and Field Workers. This Team continues to give the company the capability to provide a wide range of services to customers, from fabrication of small components to the installment of major projects. The majority of the work consists of the fabrication of structural columns, beams, frames, misc. steel components, stairs and guard rails. The projects worked on include industrial plants, office buildings, schools, retail facilities, parking structures, even some private homes. (Tearing down older, smaller homes which sold for 1-2 million for the land and building a new $$ home on the small lot is happening more and more as the economy recovers). The company uses the latest metal-working and welding equipment, employing highly skilled and well-trained staff. The Shop and Field Welders are certificated with the American Welding Society Code for Structural Welding. Proof of profitability is racking up $900,000 in Retained Earnings. With a Million Dollars already on the books for January 2014 there is little doubt that this is the time for a Buyer to Seize the Moment. The Opportunity to buy this company and obtain all these PLUSES for the current Asking Price is necessitated by the past Recession which pulled their numbers down. However, as their numbers rebound, the Asking Price will certainly be readjusted upward if it is not already under contract. Please act promptly. Thank you, Pro Biz.