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Fabulous Fabricator- TN Metal Shop Known for Excellence! REDUCED

Sumner County, TN

Fabulous Fabricator- TN Metal Shop Known for Excellence! REDUCED
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Asking Price: Get Financing: $699,000

Cash Flow: $217,000

Gross Revenue: $597,000

EBITDA: N/A

FF&E: $209,050

Inventory: $15,000*

Real Estate: $400,000*

Established: 1995

*not included in asking price.

Fabulous Fabricator- TN Metal Shop Known for Excellence! REDUCED

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Business Description

Renowned metal fabricator for 23 years (started 1995), specializes in custom metal fabrication, ornamental & artistic iron, aluminum and steel fencing, residential and commercial construction. Steady growth allowed the owner to be selective and expand services to commercial customers. Sought-after for metal artistry in all things wrought iron or steel, the company has an especially developed following in ornamental gates, staircases and railings, and has evolved a strong business producing mailboxes for developers and HOAs. Street signage, and fabrication for the marine industry and aluminum boat repair are among the many other custom services.

Cash flow buying the real estate: $217,000
Cash flow renting the 5556sf shop: $178,500
TOTAL acquisition including real estate: $1,099,000.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
4,600
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Well appointed 4700 sf brick building has two bathrooms and offices in center front, which is surrounded by work shop and storage. 3 bay doors accommodate entry and exit of large equipment and projects. The (steel-framed) section under construction will add 900 sf. The .3 acre lot (126' x 103')has a workable powdercoat oven and a storage container (such as fits on a train car).
Competition:
Of the handful of other steel fabricators in the area (and one steel service center.), no direct competition found with a similar reputation for artistry (in spiral staircases for instance). They may serve different industry segments: wire and tube manufacturing and distribution, etc.
Growth & Expansion:
The 85% residential/15% commercial customer list more than meets current need, so owner has the luxury of turning down projects. The talented team (of craftsmen and installers) is positioned to address explosive demand all over Middle Tennessee, which provides a great opportunity for the next owner to scale up— there has been only limited social media (Facebook) and very little advertising. The owner says: “we can make anything”.
Financing:
Will sell or lease real estate
Support & Training:
Seller will offer 30 days initial training and transition, and introduce customers, vendors as needed.
Reason for Selling:
Personal projects and passions such as boat-building
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William Oates

Business Listed By:
William Oates

Alliant Capital Advisors LLC

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Sponsoring Broker:
Bill Marrero


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