37381-Full Steel Manufacturing Sales an Services

ND

37381-Full Steel Manufacturing Sales an Services
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Asking Price: Get Financing: $2,000,000

Cash Flow: $534,000

Gross Revenue: $2,509,000

EBITDA: $360,000

FF&E: $900,000

Inventory: $250,000

Real Estate: N/A

Established: 2000

37381-Full Steel Manufacturing Sales an Services

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Business Description

All Inclusive! Founded in southern North Dakota in 1978, this company specializes in custom metal fabrication for the agriculture and energy industries. The company’s primary products include hopper bottom grain tanks, oil well storage tanks, silage trailers, and other livestock equipment. Offering these products requires heavy duty handling equipment, specialized tools, and experienced welders. The company has a proven track record, supported by loyal customers over the years. With its broad range of products, marketing efforts target farmers, cattle ranchers and other manufacturers in North and South Dakota, Montana, Wyoming, and Minnesota. Revenues have been steadily increasing at 12% annually. Outdoor activities such as hunting and sport fishing are hobbies for this area. Ice fishing, skiing, and snowmobiling are also popular during the winter months.

An huge growth opportunity exists to capture a greater share of the market through hopper bins with the right capital. Currently, 90% of the company’s hopper bottom grain tanks, livestock equipment, and fuel tanks are sold to farmers, ranchers and other manufacturers. Energy accounts for 10% of the company’s oil well storage tanks are sold to oil and gas drillers. This owner operated business is managed in a hands-on fashion giving the owner full control over the quality of products and the customer service provided. The success of this business is solely based on repeat and referrals, less than $5,000 invested into advertising. A new owner would do well to increase inventory and sales efforts. Contact David Michaelson at 214-815-0186 information on this business!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company operates from a 15,600 square foot facility which includes office space, work shop and production areas, inventory and equipment storage. While the property is included in the sale, a long term lease might be negotiable. The business could be expanded into additional regions of the U.S.
Support & Training:
While the owner will be available for a transitioning, the rest of the staff would most likely be available after the sale.
Reason for Selling:
Other interests
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IAG Buyer Division

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IAG

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