Growing Steel Fabricator w/HIGH profits, Charlotte Metro
SBA Loan Proposal for Qualified Buyer + 5% Owner Financing
7 Month YTD Sales Revenue +$6M: Seller's Discretionary Earnings +$1.3M!
Highly profitable, established steel fabrication business in Charlotte metro-area serves 100+ customers in a five-state region of the southeast. Dedicated key managers in place, retention of strong clients, excellent service provided by employees at all levels, and proven documented processes in place will enhance a buyer’s ability to seamlessly transition and provide a strong foundation for continued stability with opportunity for growth and expansion.
After the bank's review of the past 3 years Business tax returns & financials, an SBA loan was proposed with 25% down ($875K), payable over 10 years, current rate is 6%. The bank will allow, and Seller will consider, a 5% Seller note to apply towards the buyer's equity injection which can reduce the initial down payment.
Manufacturer of Commercial Wood Products
Strong average cash flow, pre-qualified for SBA financing
Winston Salem, NC
This business manufactures wood fixtures for installation in commercial facilities. Its products are found in hospitals, medical offices, banks, offices, and a variety of other commercial buildings throughout the Piedmont Triad region and beyond. Its customers are prime contractor/builders or subcontractors who rely on this company as a subcontractor to provide high quality, durable fixtures suitable for commercial and industrial applications. In business for more than 14 years, the company has established a strong track record of satisfied customers and brand awareness, with consistent profitability. Sales and profit margins are growing steadily. The owner is ready to retire and transition the business to an energetic buyer who can take advantage of plentiful growth opportunities in the current market. Expansion opportunities are extensive with existing facilities and equipment. Required skills and knowledge to manage this business can be acquired with training, and the owner is willing to consult as needed for an extended period of time. The operations manager desires to continue working in the business.
Fast Growing Magazine In Asheville
$50,000+ Annual Profit
We publish a print magazine that serves as a travel guide to the best outdoor adventures in Asheville, Boone, Brevard and additional locations in the Western North Carolina region. Currently, the magazine is printed annually with a total circulation of 100,000 print copies distributed at around 200 pickup locations in the region.
Total advertising revenue for 2016 was around $90,000 with total fixed expenses at around $42,000 (printing, distribution, photos, writing content, etc).
We are interested in selling the exclusive rights to print and publish this magazine in the Western North Carolina region, while maintaining the rights to The Adventure Collective in order to pursue additional magazine opportunities outside of the region. This is a great opportunity for a motivated individual with ad sales experience who is interested in entering the print and digital magazine market in the Asheville area. The purchase includes mobile apps for Android and iPhone, a comprehensive website with traffic of over 120,000 visitors per year and around 50 magazine racks in various locations around the region.
Custom Glass Design, Fabrication & Installation Company
Live and Work Raleigh! No Experience Necessary!! SBA Financing!!
The company designs, fabricates, and installs art glass and other functional glass products for the residential, commercial, and institutional market. The company also designs and installs doors, using trusted vendors for fabrication. They are an art glass studio with a storefront, showroom, and in-house studios. They also have a growing business involving residential high-end mirror and shower installation, glass signage, and commercial glass marker boards. The door market has grown more competitive, more complex, more subject to vendor quality issues, and less profitable. The custom glass segment has more growth and diversification potential, is less competitive (immune to internet sales and less local competition), has better margins, and is more in their “sweet spot” since they do the majority of their own manufacturing. Therefore, recent marketing efforts have been concentrated more toward the custom glass segment of the business.
The primary customers are, in order of sales volume, as follows:
- Residential Homeowners (New and Repeat Customers)
- Contractors ("Program" and Individual Building Companies)
- Corporations and Small Businesses
- Millwork Supply Companies
The company has operated in the area for many years and has a strong referral base of architects, builders, interior designers, and existing customers. Since the company also has a very visible presence walk-in customers are common. The company also has an impressive websites which drive new business for custom glass and doors, as well as a dedicated website for glass write boards. The active customer base consists of 100 - 200 businesses and several hundred repeat residential customers.
The company’s principal products, in order of sales volume for the most recent fiscal year ending December 2015 are as follows:
• Manufactured Glass products, which account for 63% of sales revenue.
• Doors, which account for 15% of sales revenue.
• Installation services, accounting for 20% of sales revenue.
• Hardware, accounting for 2% of sales revenue.
There are four full time employees, including the owner. The company also routinely uses 3 to 5 sub contractors to cover installations, carpentry, and glass production when needed. A list of full time employees, their duties are as follows:
- Lead Artisan and Inside Sales - Duties include a variety of artisan duties, including overlay production, traditional stained glass, cabinet glass cutting and installation, and art glass installations. Also responsible for management of builder programs, showroom sales, ordering and inventory management.
- Artist/ Project Manager and Inside Sales - Duties include production of all artwork, including concept drawings and final CAD drawings for customer approval. Also responsible for managing the job flow, ordering, scheduling and inside sales.
- Master Craftsman - Duties include production of traditional stained glass, measurements and templating, and shower and mirror installation.
- Artisan - Duties include cabinet glass and installation, traditional stained glass, art glass installation, shower and mirror installation, etching and carving, and deliveries.
Facilities include showroom, offices, and studio occupy 2700 square feet of a 12000 square foot commercial building. The company also owns a storage container behind the building that provides an additional 300 square feet of storage. The owner of the company is also the owner and Landlord of the building.
The company is located at a prime commercial location. The traffic count is approximately 60,000 cars per day.
Bank financing available for a qualified buyer. Owner will carry small note to show confidence in the business and that he will be available to help new owner.