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Asking PriceUndisclosed
Revenue$22,625,407 Established2003
Cash Flow$723,166 Employees21 full-time
FF&E$9,122,208* FranchiseNo
Inventory$250,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This long-standing business opportunity represents the sale of a highly successful steel Fabricator & Erector company. The company founded in 2003 as a recognized industry leader in the fabrication, design, engineering, and ******** of structural steel throughout the New Jersey, Pennsylvania and New York area. The company 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 ******** 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. Since 2003, 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. Owner preparing to retire with this family owned, highly profitable manufacturing and service company with a 2016 gross yearly income of $22,625,407 and a net yearly income of $723,166. They offer quality product and services with custom design in the New Jersey and metropolitan area. The company has an outstanding reputation to deliver quality products on time with competitive prices. This purchase opportunity does not require any specific government license to purchase other than the required municipal construction licenses. The company has 21 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 includes a new commercial lease which will expire 2029-01-01, plus additional options, with a yearly
rent of $250,000 and rent security $30,000. The company’s newly designed facility is in an industrial area with additional growth potential. The assets of this business transaction consist of a fully equipped steel fabricator and erector company. The asset value based on 2016 balance sheet is $9,122,208 which includes specialized equipment for this industry including, vehicles, displays, POS & accounting system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The business is active based on a five-day work schedule with hours from 8am to 4pm. This business transaction does not require any specific government license to purchase except the required certificate of occupancy from the municipality and any other required municipal licenses to conduct its daily business. The customer base represents builders, developers, contractors who are in need of the steel product and specialized service and none of the base customers represents more than 7% of the yearly business income. The business location has appropriate private parking at the facility which is part of the new commercial lease agreement. 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. Inventory is valued at dollar for dollar, approximately $250,000. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a wonderful return on investment the first year, to the owner operator prior to debt service. 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.
Facilities: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 15,000 square foot building, on a 2-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 Potential:The business does not have a marketing plan, which, if instituted can further expand and develop the business yearly income and growth.
Training/Support:Training Support: The owner who represent a family group will remain post-closing in order to supply an appropriate training & transitional period to the new operator.
Seller Financing:Can be available to a qualified buyer with an appropriate down payment.
Sale Reason:The seller / owner has elected to retire after many years in this industry.
Ad #102722
Seller Reference #MANF115
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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