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Fabrication of Structural Steel Buildings, stairs, hand-railings, etc.

Berks County, PA

Fabrication of Structural Steel Buildings, stairs, hand-railings, etc.
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Asking Price: $3,000,000

Cash Flow: $524,000

Gross Revenue: $4,800,000

EBITDA: N/A

FF&E: $407,000

Inventory: $250,000

Real Estate: $1,800,000

Established: 1980

Fabrication of Structural Steel Buildings, stairs, hand-railings, etc.

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Business Description

Founded 39 years ago, the company is a welding, fabrication and repair company. Comprised of three companies: Steel fabrication, transportation and real estate. Fabricates and installs all structural and miscellaneous steel projects i.e. structural steel, stairs, railings and handrails.

Detailed Information

Location:
Berks County, PA
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
24,000
Employees:
24
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The owners have indicated this property can be purchased or leased from the current owners. The buildings are approximately 24,000 total square feet; 1,375 sf. of office space, with the balance being storage, manufacturing space and outside storage space. The real estate includes 27acres. Inventories are kept at levels necessary to accommodate the amount of business typically realized. Inventory will be included in the sale and is usually in the area of $250,000. There are no suits or judgments against the company.
Competition:
HIGHLIGHTS • Custom steel fabrication since 1980 • Specialists in structural steel fabrication, steel stairs, railings, handrails • Locally owned, regionally renowned • Focus on written procedures and employee training for highest level of quality • Drafting experience over 20 years • All welders certified AWS D1.1 • Own trucks and drivers to guarantee absolute on-time delivery • Great rates • Top Technicians, insured and bonded • Superior Customer Service • Streamlined Dispatch System • Recognized name with excellent reputation • Well established company with close relationship to its customer base • Current sales with minimal marketing • Owner will introduce new buyer to current customer base • Well-trained, experienced employees with great product knowledge • Excellent records are maintained
Growth & Expansion:
GROWTH OPPORTUNITIES • Well known established location • Institute a proactive marketing campaign • Create an effective website • Expand service area from 40 miles to 75 miles • Purchase a plasma table • Increase capacity with an additional bay • Expand building to do parts instead of outsourcing • Space to build additional building to handle parts market • Accept larger jobs that have been turned down in the past • Hire project manager for larger jobs • Place website on effective client searching websites • Enable their customers to order products online • Hire outside sales person • Target construction industry, i.e. suppliers, contractors and architects • Target schools, government agencies and other institutional facilities
Financing:
Will hold Note.
Support & Training:
Owners will stay on to ensure a smooth transition.
Reason for Selling:
The current owners desire to retire.
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John Garner

Business Listed By:
John Garner

Center for Family-Owned Business

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