Metal Fabrication Company For Sale

Business description

For over 36 years this company has provided metal fabrication services to the petroleum, petrochemical, pulp, paper, chemical, and drilling industries. This company can do the big jobs. Normal maximum fabrication capacity: 18’ diameter, 120’ long, and up to 60,000 pounds. Company holds the following certifications: 1) ASME “U” and “S” stamp holders for pressure vessels, power piping CPPI, and boiler work with NBIC “R” stamp for repairs. 2) B31.3 and B31.1 piping certification for petroleum, petrochemical, chemical, and drilling services.
Company owns its headquarters/shop real estate which is included in the sale. Shop is about 16,000 sq ft. It is located in a nice “industrial” area just off a major street/highway with easy access to the interstate.
Company has an excellent reputation in the industry. It has a loyal, long term administrative staff who maintain strong relationships with the company’s large base of loyal repeat customers.
Sellers are approaching retirement and are selling the company as part of their retirement/exit strategy. They are willing to stay on for a reasonable transition period in which they will introduce new owner to major customer and train on all aspects of the business.
Sellers are open to substantive offers and will consider some seller financing for a qualified buyer with an appropriate down payment. Come see this very nice business and meet the owners. We promise you will be impressed.

Property information

Real Estate:

Real Property Included

Premises details:

20000 sq ft, $N/A

Business Operation

Reasons for selling:

Retirement

Trading hours:

Days: Mon - Fri, Hours: 7 am - 5 pm

Employees:

Full Time: 60

Years established:

38

Other information

Financing available:

Downpayment Required: $4,000,000
Monthly Payroll: $160,000

Furniture / Fixtures value:

$400,000 (included in the asking price)

Inventory / Stock value:

$40,000 (included in the asking price)