Turnkey Manufacturer Installer Of Pre Engineered Metal Buildings For Sale

Business description

The Company is a turnkey manufacturer and installer of pre-engineered metal buildings including steel homes, mini-storage buildings, modular offices, commercial buildings, barns, and various other storage facilities. The Company fabricates its own frames to specification, and outsources building component parts, site preparation work, concrete work, electrical work, and HVAC work, when operating as a general contractor. Management estimates 80% of the Company's revenue is derived from turnkey manufacturing through installation work, while the remaining 20% is derived strictly from the fabrication of custom building packages for other metal building companies. This company is offered as an asset sale.

Business Operation

Expansion potential:

Economically, this company represents a sound investment opportunity as a stand alone purchase; however, buyers that can bring substantial expertise or existing operations in the manufacturing and metal building installation industry with sales force and marketing channels in place will be able to add substantial value to this attractive Company. Management cites several opportunities to accelerate growth trends over the next few years through geographic expansion, the addition of a trim shop, and improved marketing efforts.

Competition / Market:

Historical sales increased by 225% over the historical period, from $2,153,000 in 2005 to $7,000,000. in 2008. The company has strong accounts receivable collection. Average collection is 21 days (Industry average is 44 days suggesting a more desirable customer base and efficient financial management). Revenue is derived from broad customer base of over 30 active accounts. Top 5 clients constitute about 22% of revenue.

Reasons for selling:

Retirement

Employees:

34

Years established:

2002

Other information

Financing available:

Seller financing contingent on the quality of the offer