Business Overview

Empire Business Associates, a Northeast Ohio merger and acquisition firm, represents a company that provides quality sheet metal fabrication and assembly services that is available for acquisition.

From the design, manufacture of a prototype, to mass production, quality assurance inspection, and delivery of your goods, they can assist the customers with any phase of your metal fabrication project.

They are known as the company that has the expertise and experience to manufacture a precision part that meets the clients’ exact specifications and deliver it production-ready, on-time, and on-budget.

From the 4 laser machines to the 15 welding machines and 7 pieces of machining equipment to a brand-new building. These investments have allowed the company to continue to grow and prosper.

They can help their client develop a prototype at a fraction of the cost of other services. They can help develop a prototype from idea to full-scale production with their laser cutting services.

The company also offers CAD design and engineering services that most other smaller sheet metal fabrication shops do not offer. Their work crew is dedicated to their jobs, making sure every order is processed correctly and on time.

In addition to laser services, they offer CNC and manual machining services, sawing, welding, forming, and bending. These services give them the ability to be a one stop shop for their customers metal fabrication needs.

Financial

  • Asking Price: $2,500,000
  • Cash Flow: $767,576
  • Gross Revenue: $3,342,123
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2002

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The company owns and operates in three buildings totaling 29,500 sf located on 3.8 acres.. The buildings are clean and in excellent condition. The sellers own the buildings in a separate company and is available for sale or rent.

Opportunities and Growth:

? The company has been in business continuously under the same ownership for almost 20 years and is highly regarded as a provider of high-quality laser cutting and fabrication with superior service. ? The companies market success is due in large part to the excellence on time performance and excellent customer service. ? Another major advantage of the company; the business does not require any significant capital expenditures to grow the business. ? There is adequate room to more than quadruple the sales in its existing location. ? Although there are many “metal fabricators”, most do not have this laser capacity as well as the ability to do secondary operations and to provide CAD design services. ? With multiple industrial laser cutters (4), they can accomplish projects in a fraction of the time of most fabrication shops.

Additional Info

The venture was founded in 2002, making the business 20 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons people choose to sell operating businesses. Nevertheless, the genuine reason vs the one they tell you might be 2 completely different things. As an example, they might state "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may just be reasons to attempt to conceal the reality of altering demographics, increased competitors, current reduction in revenues, or an array of various other reasons. This is why it is extremely crucial that you not count absolutely on a vendor's word, but instead, use the seller's answer in conjunction with your general due diligence. This will paint a much more sensible picture of the business's present scenario.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses take out loans in order to cover points such as inventory, payroll, accounts payable, etc. Remember that sometimes this can indicate that revenue margins are too tight. Lots of businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that must be satisfied or might result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location bring in brand-new customers? Many times, businesses have repeat clients, which form the core of their everyday profits. Certain factors such as brand-new competitors sprouting up around the location, road building and construction, and also staff turnover can affect repeat clients as well as negatively influence future revenues. One essential point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business on a regular basis, the higher the chance to construct a returning customer base. A last idea is the basic location demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Just how might the neighborhood mean house earnings influence future income potential?