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Listed by:

Transworld Business Advisors of Longbeach Tustin

Large Steel Manufacturer With Contracts And Potential For Sale

Los Angeles, California - South
Asking Price:
$4,600,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$7,320,850 (USD)
Cash Flow:
$222,482 (USD)

The company manufactures steel frames for buildings and other projects. They have outgrown their space, currently doing between $6M-$7M out of a 6,000 sqft. space, on a 2 acre lot. They have a lot of equipment and assets, and they could easily double or triple their annual revenue if they upgraded their space to around 20,000 sqft, as they could take on many more projects. Currently, they have to turn down a lot of contracts because they don't have the capacity to take them on. They are not able to take advantage of bulk pricing on materials either due to space limitations. They could easily double their profitability with an increase in operating capital and an upgrade in space. Once the steel frames have been custom built, they have a team of contractors that handle the installs as well.

Property Information

Real Estate:

Lease

Lease Terms:

Type of Location Industrial, Monthly Rent $4,766.67, Square Units (Foot, Meter) 30,000

Size in square feet:
30,000

Business Operation

Expansion Potential:

There is a huge potential for growth. This company currently has to turn down several contracts per year due to size and capacity constraints. With the right partner, or the right buyer, this company could double if not triple its annual revenues if operating at new full capacity.

Reasons for selling:

They are looking for a partner offering 49% of the business so they can grow, or will consider an outright sale if the asking price is met.

Trading hours:

7 AM - 3:30 PM Mon - Fri

Employees:
24
Years established:
25

Other Information

Support & training:

Seller will train for 4 weeks

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller will finance $920,000

Furniture / Fixtures value:
$25,000 (USD) - included in the asking price
Inventory / Stock value:
$25,000 (USD) - included in the asking price
Relocatable:
This business can be relocated.

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