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Profitable Stainless Steel Fabrication Company

Los Angeles County, CA

Seller Financing Available
stainless steel fabrication
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Asking Price: $388,000

Cash Flow: $110,000

Gross Revenue: $159,000

EBITDA: N/A

FF&E: $240,000

Inventory: $400,000*

Rent: $1,000 /Month

Established: 1987

*not included in asking price.

Profitable Stainless Steel Fabrication Company

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Business Description

INCREDIBLE BUSINESS!!

BE YOUR OWN BOSS! 35 YR OLD GROWING PROFITABLE STAINLESS STEEL FABRICATION COMPANY!!

WHY WORK FOR SOMEONE ELSE!! This 35 yr old GROWING and PROFITABLE stainless steel fabrication company has HUGE GROWTH POTENTIAL! Complete TURNKEY operation all equipment needed (all FF&E included in sales price) and a grade “A” customer list with 95% REPEAT CUSTOMERS! In 2018 REVENUE WAS UP 14.4% over 2017 and CASH FLOW WAS UP 12% over 2017 and 2019 is even better than 2018 year to date. PERFECT FOR A SALES PERSON, just hire a welder and build the business or FOR A WELDER OR WELDING OPERATION. Operations can be moved to anywhere as the customers ship the parts to you! The business currently operates out of approximately 1200 sq. ft. The company mainly does modifications to valves of all sizes (approx. 50% of business), pipe spools (approx. 20% of business), manifolds (approx. 20% of business) and general welding (approx. 10% of business). The company has earned it’s stellar reputation by providing QUALITY, ON-TIME DELIVERY, QUICK TURN AROUND and FULL ORDER INSPECTION for every order. The company currently works with major valve companies, the cannabis industry, healthcare and many others that are growing industries and will continue to do so in the future! To date growth has come strictly from word of mouth as there is no advertising or outside sales people. HUGE GROWTH OPPORTUNITY by 1) selling pipe and fittings which will drive more fabrication 2) Hire outside sales person or hire a welder and sell yourself and 3) advertise as there is currently no social media presence or advertising done. Buyer can also purchase all the tooling in the shop for an additional $400,000 (the actual value is closer to $800,000) or provide their own tooling. Owner is retiring and moving to Michigan to live on the lake. Owner WILL TRAIN for up to 60 days and then be available by phone. Owner WILLING TO FINANCE up to 50% of the purchase price for the right offer and buyer. BE YOUR OWN BOSS!! THIS GROWING AND PROFITABLE BUSINESS WON’T LAST!!

Detailed Information

Location:
Los Angeles County, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
6/10/2020
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Operations can be moved to anywhere as the customers ship the parts to you! The business currently operates out of approximately 1200 sq. ft. The company mainly does modifications to valves of all sizes (approx. 50% of business), pipe spools (approx. 20% of business), manifolds (approx. 20% of business) and general welding (approx. 10% of business
Competition:
The company has earned it’s stellar reputation by providing QUALITY, ON-TIME DELIVERY, QUICK TURN AROUND and FULL ORDER INSPECTION for every order. The company currently works with major valve companies, the cannabis industry, healthcare and many others that are growing industries and will continue to do so in the future!
Growth & Expansion:
HUGE GROWTH OPPORTUNITY by 1) selling pipe and fittings which will drive more fabrication 2) Hire outside sales person or hire a welder and sell yourself and 3) advertise as there is currently no social media presence or advertising done.
Financing:
Up to 50% depending on the buyer and the offer
Support & Training:
Owner will train for 60 days and then be available by phone for 1 year
Reason for Selling:
Retiring and moving to Lake Michigan
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Scott Hartman

Business Listed By:
Scott Hartman

BBDC

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Sponsoring Broker:
Toby Barker

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