Machining, Manufacturing, & Distribution Business for Sale Jacksonville, FL Area

Florida Businesses For Sale

Very Profitable Structural Steel Fabricator

For More Information Contact
Southern Mergers & Acquisitions, Inc.
(904) 819-6930
Southern Mergers and Acquisitions, Inc.

Business Profile: Very Profitable Structural Steel Fabricator

West Palm Beach

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Business Description

This 45 year old structural steel fabricator has averaged $9 Million in sales the past two years with a cash flow average of approximately $1.9 Million. They are contemplating adding a $250,000 Beam Line to get more mass production. All work is done on one shift. They have been limited in space requirements in the past but just took on an adjacent building allowing them much more space.

The second generation owner has young children and wants to spend more time with his family. He will consider staying with the buyer for a period of time in a reduced role in the company. He currently wears many of the hats, including much of the customer contact. However there are several employees that assist him with customer contact and quoting jobs.

There are about 400 current customers with typical jobs ranging from $50k to $150k but they do get one or two jobs per year for about $1.5M The total number of employees is approx. 38 but they do sub-contract some work for installations who are dedicated to do the work for this company. Most production labor averages $17 per hour.

There is no formal asking price but the owner has expectations of about a 4.5 to 5 multiple. He is receptive to all fair and reasonable offers.

Please Note: All listings herein are exclusive to this listing office as of the date of submission. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE STATEMENT is signed by the prospect.

Southern Mergers & Acquisitions, Inc.

(904) 819-6930

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Southern Mergers & Acquisitions, a Jacksonville Business Broker Serving the Greater Jacksonville, Florida Area

255 S. Matanzas Blvd, St. Augustine, FL 32080 | (904) 819-6930