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Profitable Steel Fabricator


Great opportunity to own one of the regions oldest custom steel fabricators serving the restaurant & hospitality industries. They have a long history of manufacturing quality food service equipment for full service restaurants, restaurant consultants, quick serve restaurants, convenience stores, hotels, and schools. This is a very stable and profitable business with every step of the manufacturing process, from layout to punching, assembly, and finishing is performed by skilled union fabricators.


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Background information

Reference:

0057

Year established:

1946

Reason selling:

Owner is retiring.

Finance

Sales:

$3,166,000

Profits:

$465,960

Profit type:

Discretionary Earnings

Operations

Employees:

23

Equipment:

Estimated FMV $500,000

Inventory:

$400,000

Premises

Square footage:

23000

Rent and lease terms:

5 year, 3800 per month

Location:

St. Louis Missouri

Opportunities

Market:

This business serves the midwest region's OEM and dealerships for their custom fabrication needs.

Price and terms

Price:

$1,600,000

Financing:

SBA Approved

Training:

Seller will train for 30 days at no cost and is open to any additional transition needs depending on the buyer's needs.

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