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.
Listed By: Mike Kendall
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.