* Included in Asking Price
This company is a Round and Spiral HVAC Ductwork Manufacturer in North Florida
The facility is capable of doing about $2.5 Million per year and this would require hiring two or three more people and adding one forklift. All work is light gauge. No customer accounts for more than 5% of their work and there are over 100 customers - many of which are repeat customers.
Typical customers include sheet metal companies, mechanical and Air Conditioning companies. All jobs are sold direct and they do not use reps. In terms of increasing profitability, the owner believes it would be good to get into more sound atinvators which involves 3 to 4 inches of insulation. There would be higher margins in this work and you would not be shipping as much air given the ductwork is generally bulky and light weight.
Most of the work done by the owner involves shop layout, purchasing, dealing with customers and estimating. The company uses SAGE software. The equipment is older but is in good working order. They have two spiral roll machines which makes the longer pieces of ductwork. When taking into account the pipe machine, ovalizer, coil line and tooling, the equipment value is closer to $250,000. Labor accounts for about 20% of the cost while material costs are about 37%. Whenever there is an increase in material costs, this is passed on to the customer.
Facility: 42,000 SF zoned Industrial on approximately 2.4 Acres. The real estate is offered for sale at $925,000 and may be subject to a third party appraisal. It was previously tested and had a clean environmental report. They have been in this facility since 2000.
The company does not own any trucks and uses a third party to ship out their product. The company pays $2,000 per month in perks for the owner plus another $2,500/mo. in credit card expenses for the owner. The owner is receptive to a reasonable training and transition period for the new owner.
Contact the listing broker, Bill Law at 904-819-6930 or email email@example.com.
Required Licenses: Business
|Training/Support:||Seller will negotiate a transition period|
Seller Reference #CHARLNC001-N761
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