Steel Fabricator & Erector Company

Warren County, NJ

Seller Financing Available
Steel Fabricator & Erector Company
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Asking Price: N/A

Cash Flow: $1,872,221

Gross Revenue: $30,251,586

EBITDA: N/A

FF&E: $11,593,098

Inventory: N/A

Real Estate: N/A

Established: 2003

Steel Fabricator & Erector Company

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Business Description

This long-standing business opportunity represents the sale of a highly successful steel fabricator & erector company with a gross income of $30,251,586. The company was founded in 2003 and is recognized as an industry leader in the fabrication, design, engineering, and erection of structural steel throughout the New Jersey, Pennsylvania and New York area. The company’s goal was to successfully exceed client expectation by focusing innovation, knowledge and commitment on every commercial project. Their reputation for exceptional performance over a comprehensive spectrum of steel fabrication and erection projects can best be appreciated by viewing the steel structures they have successfully completed. They apply an exceptional fabrication methodology to every type of structural challenge. They are proud of their steel fabricators projects based on the craftsmanship, signature precision technique for preparing of their final products. They have the ability to perform difficult projects and large metals projects due to their knowledge of the industry and with the help of their quality staff. This locally owned steel fabricator, has been involved in the construction of hundreds of recognized and admired projects, including several classic landmark structures. The company has become one of the largest providers of structural steel throughout the New Jersey, because their clients have been able to rely upon them to meet the exacting standards and requirements of their projects regardless of scope, size or complexity. They ensure that the confidence placed as their fabricator of choice is justified by always rendering up that rare commodity, a cost-effective quality project, delivered on time and within budget. You will find the company to be innovative, responsive and a customer focused organization in the industry. The company has an outstanding reputation to deliver quality products on time with competitive prices. The company has approximately 55 full & part time union employees who are unaware of the pending sale and fully expected to remain post-closing and the monthly payroll is fully reported and can be evidenced. The sale will include a new commercial lease which will expire 2029, plus additional options, with a yearly rent of $250,000 and rent security $30,000. The business has been valued based on a multiple of the net yearly income which includes the value of the specific business assets and bank financing is available to a qualified buyer with the appropriate down payment, collateral and credit rating. This is a dependable business opportunity. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.

Detailed Information

Location:
Warren County, NJ
Real Estate:
Owned
Building SF:
40,000
Employees:
55
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company recently purchased and remodeled a modern facility on 10 acres allowing for substantial expansion. The sale consists of two separate companies at one commercial location, conveniently located in northern New Jersey nearby to various state highways. The facility consists of a 40,000 square foot building, on a 10-acre site.
Competition:
There are limited competitors in the industry due to the extensive required capital investment. Also, to the best of our knowledge, no other new competitors are expected near to this. Seller owner has agreed to supply an appropriate, non-compete agreement to the purchaser.
Growth & Expansion:
The business does not have an effective marketing plan, which, if instituted can further expand and develop the business yearly income and growth.
Financing:
Financing is available to a qualified buyer.
Support & Training:
The owner who represents a family group will remain post-closing in order to supply an appropriate training & transitional period to the new operator.
Reason for Selling:
The seller / owner has elected to retire after many years in this industry.
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
Customer Service

Regal Consulting Corp.

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