Asking Price: $1,100,000

Gross Revenue: $4,070,000

Cash Flow: $196,000

Inventory: $173,300 (Included in Asking Price)

FF&E: $146,800 (Included in Asking Price)

Seller Financing: Seller wants all cash. Included in the asking price is $500000 to $600000 of accounts receivable.

This sixteen year old company does structural steel fabrication for Minnesota contractors involved in the erection of industrial and commercial buildings. The company manufactures structural components based upon designs and specifications provided by architects and engineers. Besides structural steel columns, beams, bracing and decking materials, the facility can fabricate stairs, access ladders, platforms, enclosures and other miscellaneous components.
The company mainly services the greater Twin City area out of its 20,000 sq ft facility. There are currently eleven employees working in a non-union environment. While the real estate is available for additional consideration, a buyer who could absorb this operation into an existing facility could realize significant savings in occupancy costs and related expenses.

Year Established: 1990

Employees: 10 full time - 1 part time

Relocatable: Yes

Facilities: 20,000 sq ft with over cranes and painting capabilities

Management Training and Support: Seller is willing to provide an extended period of transition at the option of the buyer.

Reason For Selling: The founder of the company, who is 66 years old, is offering the business for sale in order to reduce his workload.