Profitable Boiler-Pressure Vessel-Structural Inspection Co. for sale

Edgewood, MD (Harford County) (Relocatable)

Profitable Boiler-Pressure Vessel-Structural Inspection Co. for sale
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Asking Price: $660,000

Cash Flow: $100,000

Gross Revenue: $2,100,000

EBITDA: $233,900

FF&E: $25,000

Inventory: N/A

Established: 2012

Profitable Boiler-Pressure Vessel-Structural Inspection Co. for sale

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Business Description

Service Disabled Veteran Owned Certified Inspection Agency

MAC Inspection & Welding Agency (MIWA), LLC is located in Edgewood, MD and was established in 2012 as a Authorized Inspection Agency (AIA) and Certified Welding Inspection Agency. MIWA is accredited under The National Board of Boilers and Pressure Vessels, the American Welding Society (AWS) and Naval Facilities (NAVFAC) while holding certifications under the American Society of Mechanical Engineers (ASME).

MIWA is certified under the Federal Government Small Business Administration as a Service Disabled Veteran Owned Small Business, certified under the Maryland Department of Transportation as a Minority Business Enterprise, Small Business Enterprise, Disadvantage Business Enterprise and certified under Baltimore Maryland Minority Business Enterprise.

MIWA performs boiler and pressure vessel inspections at Federal installations (Maryland, Pennsylvania, Ohio, West Virginia, and Texas) and State inspections for Maryland and Virginia with applications being considered for Delaware and South Carolina. We perform quality control assessments (life expectancy, repairs, operations, etc) on the same equipment and provide quality assurance inspections to protect our clients new installations and investments in repairing this equipment.

As Certified Welding Inspectors MIWA performs structural welding inspections on pipes, bridges and structural applications in accordance with any AWS Standard and on all material specifications. These inspections utilize visual, penetrant and ultrasonic testing. Additionally, MIWA certifies that companies meet welding requirements, including each welder being certified to make all welds in accordance with the governing specification.

Detailed Information

Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
MAC Inspection & Welding Agency is a home based business with a full office. Each Inspector works directly from there home office, while all administrative functions are held from the main office. This allows for major profits. MIWA assets include a Dakota Ultrasonic Machine (DFX-8) which performs material thickness and shear wave weld inspections, Ralston Instruments 300 PSI hand pump for testing pressure relief valves and gauges. Additionally, MIWA has all confined space equipment and other boiler and pressure vessel equipment. (Home Based)
Competition:
Our services are mandated by all Federal Agencies and State Jurisdictions which makes this market very lucrative. As a small business for 7 years MIWA has been highly successful and most of all profitable against all it's competitors; such as insurance companies and other Authorized Inspection Agencies. Three times a competitor has attempted to by us out. Our strength comes from specialized technical training and detailed services that separate us from all of our competitors; instead of providing a checkbox service.
Growth & Expansion:
Pros - with the right buyer immediate growth and expansion could happen by contracting with all State Federal locations and applying for all States accepting our accreditation. Additionally, becoming a full service Non Destructive Examination Company has great opportunities. Current rates are available to be increased also. Cons - Some States do not accept this accreditation, training to certify a Inspector is costly.
Financing:
Financing of Company is negotiable with 50% up front.
Support & Training:
MIWA President and office personnel shall provide a buyer all support and training, as necessary, for administrative, technical and inspection assistance required to immediately be profitable.
Reason for Selling:
Limited available capital prevents me from growing the business any further
Home-Based:
This business is Home-Based
Business Website:
http://www.macinspection.com
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Business Listed By:
Michael Coleman

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