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Asking Price$2,400,000
Revenue$3,140,296 Established1946
Cash Flow$386,340 Employees10 full, 0 part
FF&E$200,000* FranchiseNo
Inventory$376,306* RelocatableNo
Real Estate$800,000* Home-basedNo
* Included in Asking Price
This Structural Steel Fabricator has remained profitable since it's founding in 1946!  The current owner moved out of the area and has been absentee owner since 1973. Company has developed a very solid list of loyal customers as well as dedicated employees and reliable suppliers. Not being dependent upon any particular industry has allowed it to thrive during ups and down in the economy.

Sale price includes the real estate valued at $800,000.

Bank financing is available with extensive property and equipment as collateral.  Broker can assist with SBA guaranteed financing that requires low down payment and reasonable terms.
Competition:A downturn in the economy driven by drop in price of coal, oil and natural gas has reduced the number of competitors who have the capacity to compete for lucrative large jobs.
Growth Potential:The large well equipped facility can handle growth with little additional overhead. There are also opportunities to get more involved in steel equipment fabrication.
Training/Support:The manager is willing to remain with the company to complete a smooth transition
Seller Financing:Bank financing is available with extensive property and equipment as collateral. Broker can assist
Sale Reason:Manager is 66 yrs old and planning to retire in 2 years. A good time fro new owner or owner
Ad #79962
Seller Reference #WESTOWV001-N49
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John Lichter
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