Steel Mfg & Metal Fabrication Shop – West MI

SOLD – Highly profitable metal fabrication business that has been successful by producing high quality parts in a timely manner for over 50 different customers. This business benefits from increasing demands for local manufacturing. Achievement of 10-20% annual growth has occurred without marketing. The business is well diversified in industry segments and have been told from current customers to expect significant increases in orders in 2022.

This business has been successful by offering a flexible work schedule and have a great work culture leading to a lower than industry standard turnover rate with many long term employees. Plenty of room for expansion. Primary work utilizes industrial laser cutters, press brakes, mig/tig and resistance welders and other well maintained equipment. This no frills operation produces great results for its customers and owners!

Listing ID:

ABB-22015291-90

Location:

West Michigan

Type of Business:

Metal Fabrication Mfg Shop

Asking Price:

Call for details

Gross Revenue:

$2,774,219 (2021)

Cash Flow:

$742,537

Inventory:

FF&E:

(included in asking price)

Established:

2006

Employees:

8 F/T, 3 P/T and 1 IC

Facilities:

12,000 square foot facility is leased and have a great working relationship with the landlord. Opportunities to expand into the adjoining facility have been offered and purchasing the building in the future is a possibility.

Real Estate / Lease Terms:

Leased. Details available on request. Building has an excellent power supply.

Growth Opportunity:

There are great opportunities to grow this business with room to expand without the need to move the company. The business has never needed to actively pursue new business (and still achieved 10-20% year over year growth), yet could significantly increase revenue with a marketing strategy, website development and even create some proprietary products supplementing the job shop activities.

Competition:

Although it’s a competitive industry there has never been an shortage of work. Having an excellent reputation for high quality in a timely manner has led to a steady flow of business. In the current market more and more manufacturing work is being brought into the US and so competition has not been a detractor from revenue or profitability.

Support & Training:

Seller will provide training to help the purchaser take over providing a smooth transition while learning the business and its operating activities, gaining and understanding of the customers and vendor partners, and building a working relationship with the employees.

Reason for Selling:

Seller wants to retire and has a great deal of financial success with this business. It’s now time for a motivate buyer to take the reins and grow the company.

Broker Contact:

Larry Baumgart – Advanced Business Brokers

Direct: 269-330-6924

Fax: 248-564-5259

Email: Larry@ABB-BusinessBrokers.com

For more information, fill out the form below:

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The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility. Above information is subject to change and/or correction and should not be considered binding.