Welding Company Undergoing Explosive Growth For Sale

Business description

This welding operation has provided the seller many years of increasing Seller's Discretionary Earnings (2009/10 is exception). The owner has made significant financial commitments over the past two years to posture his company for continuing high levels of service for his customers, as well as for future growth capacity. ISO 9002 certification has meant more business in recent years. Sales from January thru December, 2008 averaged over $750,000/month. In 2009, sales dropped to $4,500,000, and will finish 2010 at an estimated $3,800,000. For 9-30-08, the average monthly adjusted net was over $180,000/mo. Then, one customer was 80% of sales. Now, that customer is 45% of business, and Seller's Discretionary Earnings should top $400K on sales just under $4MM (after a slow start is now dropping $150K/mo to the bottom line on $400K of monthly sales; sales and net appear to be returning to historic norms). Prospective buyers will need to show a Financial Statement with at least $400,000 liquid to use in conjunction with an SBA loan. At the end of his lease term last year, the owner elected not to sign up for a long term lease to give more options to prospective buyers. This is not a location dependent business, and there is plenty of space within a twenty-five mile radius for the buyer who might want to move the business closer to himself.
Please reference BTI#6826JM when contacting us for more information on this business.

Property information

Real Estate:

Lease

Location:

At the end of his lease term last year, the owner elected not to sign up for a long term lease to give more options to prospective buyers. This is not a location dependent business, and there is plenty of space within a twenty-five mile radius for the buyer who might want to move the business closer to himself.

Other information

Support & training:

13 weeks at 30 hours per week

Reasons for selling:

Retirement

Trading hours:

Monday through Friday: 8:00-5:00

Inventory / Stock value:

$80,000 (included in the asking price)