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This long-standing business opportunity represents the sale of a highly successful steel fabricator & erector company. The company was founded in 2003 and is recognized as an industry leader in the fabrication, design, engineering, and erection of structural steel throughout the New Jersey, Pennsylvania and New York area. The company’s goal was to successfully exceed client expectation by focusing innovation, knowledge and commitment on every commercial project. Their reputation for exceptional performance over a comprehensive spectrum of steel fabrication and erection projects can best be appreciated by viewing the steel structures they have successfully completed. They apply an exceptional fabrication methodology to every type of structural challenge. They are proud of their steel fabricators projects based on the craftsmanship, signature precision technique for preparing of their final products. They have the ability to perform difficult projects and large metals projects due to their knowledge of the industry and with the help of their quality staff. Since 2003, this locally-owned Steel Fabricator, has been involved in the construction of hundreds of recognized and admired projects, including several classic landmark structures. The company has become one of the largest providers of structural steel throughout the New Jersey, because their clients have been able to rely upon them to meet the exacting standards and requirements of their projects regardless of scope, size or complexity. They ensure that the confidence placed as their fabricator of choice is justified by always rendering up that rare commodity, a cost-effective quality project, delivered on time and within budget. You will find the company to be innovative, responsive and a customer focused organization in the industry. They offer quality product and services with custom design in the New Jersey and metropolitan area. The company has an outstanding reputation to deliver quality products on time with competitive prices. The company has 55 full & part time union employees who are unaware of the pending sale and fully expected to remain post-closing and the monthly payroll is fully reported and can be evidenced. The sale will include a new commercial lease which will expire 2029-01-01, plus additional options, with a
yearly rent of $250,000 and rent security $30,000. The business has been valued based on a multiple of the net yearly income which includes the value of the specific business assets and bank financing is available to a qualified buyer with the appropriate down payment, collateral and credit rating. Inventory is valued at dollar for dollar, approximately $250,000. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a wonderful return on investment the first year, to the owner operator prior to debt service.
The company recently purchased and remodeled a modern facility on 10 acres allowing for substantial expansion. The sale consists of two separate companies at one commercial location, conveniently located in northern New Jersey nearby to various state highways. The facility consists of a 40,000 square foot building, on a 10-acre site.
The business does not have an effective marketing plan, which, if instituted can further expand and develop the business yearly income and growth.
There are limited competitors in the industry due to the extensive required capital investment. Also, to the best of our knowledge, no other new competitors are expected near to this. Seller owner has agreed to supply an appropriate, non-compete agreement to the purchaser.
The seller / owner has elected to retire after many years in this industry.
The owner who represents a family group will remain post-closing in order to supply an appropriate training & transitional period to the new operator.
Financing is available to qualified buyers.
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