Listing ID: 79236
Amazing hours. Monday to Friday. Seller will provide full training. Earnings are strong for the year that ended fiscally in June. New sales year-to-date project figures show in herein
Real Estate Available.
This specialty company was established in 1978. The family took over the building in the 1980s. They have about a 50 x 100 square-foot building property.
Text BuyBizUSA to 22828 for package information on buying and selling a business.
Or directly 813.571.7700 if interested.
This business is back strong since covid.
The owner works in the business.
They have a wide range of product lines including sheets and plates, angles, channels, pipes up to 48 inches in diameter, and aluminum types of products.
They have multiple suppliers. As an example, they have three different companies that they get their steel products from including Tampa steel.
Buyers are predominantly other small businesses such as fabricators, people making things like gas grills, insulation, no plumbers, small manufacturers, etc. They have some individuals buying stuff such as tubing for creating wall bars for race cars.
- Asking Price: $149,000
- Cash Flow: $109,002
- Gross Revenue: $762,378
- EBITDA: $69,002
- FF&E: $50,000
- Inventory: $1,000
- Inventory Included: N/A
- Established: 1978
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Land available. Business is located just a short distance from some major interstates and highways, allowing for excellent access to and getting from this location. The facilities were first built in 1941. The property is functional and fully equipped. Everything you need is here at this location. Additionally, the company is poised for growth in the hands of an innovative new operator.
Will provide full training.
The company has a website but there is probably a large amount of room for growth with this business. The owner has been running the industry for many decades and has plenty of energy to take care of the customers but has not spent much energy over the last few decades trying to generate new business. With all the construction and growth in the Tampa Bay market, it seems like one would have a lot of room and opportunity to take this company to a whole new fresh level. While there are other people that provide the type of service in the market area, it is not highly inundated with competitors. That means there's lots of opportunity for you as well.
Owner plus two warehouse workers/drivers. The owner works about 40 hours per week
The venture was established in 1978, making the business 44 years old.
The deal won't include inventory valued at $1,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell businesses. However, the genuine factor vs the one they say to you may be 2 completely different things. As an example, they may state "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may simply be reasons to try to conceal the reality of changing demographics, increased competitors, current decrease in profits, or an array of various other factors. This is why it is very essential that you not rely totally on a vendor's word, however rather, utilize the vendor's answer along with your total due diligence. This will repaint a more reasonable image of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses take out loans so as to cover things like inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can mean that profit margins are too tight. Lots of companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that have to be met or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in brand-new consumers? Many times, businesses have repeat consumers, which form the core of their everyday earnings. Certain factors such as brand-new competition growing up around the location, roadway building, and also employee turnover can influence repeat customers as well as negatively influence future revenues. One vital point to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business often, the higher the chance to build a returning customer base. A last thought is the general location demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Exactly how might the neighborhood median home earnings impact future revenue prospects?