Listing ID: 79215
Extensively equipped and well established aluminum and steel fabrication & installation business located in Broward County. Provides steel fabrication, engineering and installation services for commercial, residential, industrial and governmental projects. The business has CBE certification that allows them to do government jobs. Mainly focused on fabrication and installation of metal pipe rails, aluminum rails, aluminum trellis, sunshades, canopies, steel structural shapes, beams pillings & angles, stairs, banisters, guard railings and many more. Company currently has three signed contracts valued $1.2M, and over $5M open bids. Great staff in place and owner also can stay after transaction for a period of time. For more information please submit NDA and financial statement.
- Asking Price: $450,000
- Cash Flow: $70,718
- Gross Revenue: $1,212,251
- EBITDA: N/A
- FF&E: $130,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
Seller provides training for 2 weeks at no cost.
The business was started in 2008, making the business 14 years old.
The company has 9 employees and is located in a building with disclosed square footage of N/A sq ft.
The building is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell businesses. Nonetheless, the real reason and the one they say to you may be 2 absolutely different things. As an example, they might say "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competition, current decrease in profits, or a variety of various other reasons. This is why it is extremely essential that you not depend totally on a vendor's word, however rather, make use of the vendor's answer combined with your total due diligence. This will repaint a more realistic image of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Many operating businesses borrow money in order to cover things like stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that earnings margins are too thin. Numerous organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that have to be met or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract brand-new consumers? Many times, operating businesses have repeat customers, which develop the core of their day-to-day earnings. Certain variables such as new competition growing up around the area, roadway construction, and employee turnover can influence repeat consumers as well as negatively influence future incomes. One important point to consider is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the better the chance to build a returning client base. A final thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? Just how might the regional median home earnings influence future revenue potential?