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Manufacturing

Steel Fabrication Erecting Biz. $3,827,421 Profit

Cook County, IL, USA
Updated 183 days ago

Steel Fabrication Erecting biz. $3,827,421 Profit. 4X this with Seller Seller needs A NEW buyer to 4x sales & capacity on existing facility. Production filled within weeks. His partner cannot do 4th expansion for health reasons-so he needs new buyer to fulfill his vision. Seller wants an ambitious buyer who loves growth and achievement. Seller expanded 3 times in the past. >>Seller will stay on -indefinitely- for the right fit, reducing his role to sales and assisting buyer to 4x sales & capacity. Business has Happy Long Term Employees who enjoy their jobs. >>Run by old school operator the old fashioned way; seller immigrated to the US, started as a line worker; with limited English & minimal school, curious, ambitious and eager to serve made up for this. Seller has done expansions 3 times, each time Seller filled production within months at the new expansion capacity. >>Seller just Acquired land next door to start this; new capacity has always been filled within a month. Seller is old school; a buyer who can automate this company, will yield tremendous payback as well. Business Includes everything. Receivables, Work in progress, Real Estate, business, inventory, large cranes and other large machines, able to cut, fabricate, transport, erect and install new structures that endure. +Sale includes: $5M+ receivables, Work In Profess, nearly $1M of inventory. -Real Estate priced separately in the notes here, just $2.5M for $3M of real estate Buyer can add night shift, asking existing supervisor oversee production. The emerging new economy will need far more steel production. Ride this next new wave of manufacturing

Location

Cook County, IL

Employees

13 (10 Full-time, 1 Part-time, 2 Contractors) 13

Owner Financing

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

Premises Details

2.25 Acres, 6,000 SF office, 15,000 SF Plant. Comes with Plant, cranes, oversize industrial machinery to do any job. Building, land, cranes, large grinding-cutting-moving-saws and more Plenty of land for expansion in the front, back and next door property they just purchased-all included.

Years Established

34 Years

Support & Training

30 days training included with sale; owner will stay on for a year or so

Expansion Potential

Seller already expanded 3 times in the past; but- seller needs A NEW buyer to 4x sales & capacity on existing facility. Production filled within weeks. His partner cannot do 4th expansion for health reasons-so he needs new buyer to fulfill his vision. Seller wants an ambitious buyer who loves growth and achievement. >>Seller will stay on -indefinitely- for the right fit, reducing his role to sales and assisting buyer to 4x sales & capacity.

Size In Square Feet

21,000

Competition / Market

Growing

Inventory / Stock Value

$900,000 - included in the asking price

Reason for Selling

Retirement

Financials

Asking Price
$17.5M
RevenueMost Recent Year
$10.6M
Earnings (SDE)Last Reported
$3.8M
Assets ValueIncluded in Asking Price
$2.1M
Seller Financing
Not available

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