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Listed by:

Plethora

Broker license number: Corp DRE# 01252257

Custom Metal Tubing For Sale

California - South
Asking Price:
$10,000,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$8,711,000 (USD)
Cash Flow:
$2,063,000 (USD)

This Company is a high margin manufacturer and fabricator of precision metal tubing and customized pipes in a variety of materials, sizes and shapes. Examples of their value add work include bending, coiling, end forming, welding and flaring. Because of their certifications, they serve a number of desirable end markets including medical, technology, transportation, food and beverage.

GreenTube has been in continuous operation for more than
20 years. Many of their client base is reliable and repeat, especially given
the variety of customized parts. Notably, the firm has a 15 year client that
represents 73% of their business. The Company builds customized OEM parts and
kits for a variety of applications. The Owner does not anticipate this client
will move a different direction. Furthermore, the structure of a potential
transaction will factor in this client focus.

Green Tube is projecting 10-15% growth in 2018 with similar or increasing margins. Seller will transition for 1 year. There is a good 2nd tier management team across major functional departments.

Seller owns real estate and would prefer to lease to new owner.

For more information, and to receive an Information Memorandum, contact Robert at Plethora Businesses .

Corporate BRE# 01252257
Information contained herein deemed reliable but not guaranteed.

Property information

Real Estate:

Real Property Included

Location:

Located in Western U.S. near many companies that are current and potential customer.

Premises Details:

Shareholder owned 24,000 sq. ft. building. Seller prefers to lease building to new owner

Size in square feet:
24,000

Business Operation

Expansion Potential:

Business Sales and Marketing is reactive. They are not targeting new clients at all. Often times, many new customer inquiries are turned away

Reasons for selling:

Retirement

Trading hours:

Business is open Monday-Friday during normal business hours

Employees:
58
Years established:
15

Other Information

Support & training:

Seller to provide up to 1 year transition at their current level of involvement

Financing available:

Yes. Inventory included is $1,400,000. Net accounts receivable included is $850,000

Furniture / Fixtures value:
$650,000 (USD) - included in the asking price
Inventory / Stock value:
$2,400,000 (USD) - included in the asking price
Related Documents:

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