Contract Sheet Metal Former and Fabricator

Founded in 1984, the Company provides precision sheet metal fabrication services (SIC: 3443 - Fabricated Plate Work) primarily to large orginal equipment manufacturers (OEMs). The Company produces metal panels, shelving, brackets, angles and appliance doors, as well as a number of other metal products in a multitude of shapes and sizes. In any year, the Company produces anywhere for 8,000 to 10,000 different parts in volumes from one to several thousand. The Company is ISO 9002 certified.

The Company's financial statements are audited and its fiscal year end is September 30. In FYE 2005 the Company had an EBITDA of $2,127,000 on revenues of $28,900,000 compared to an EBITDA of $1,577,000 on revenues of $25,600,000 in FYE 2004. In FYE 2006 the Company is on track to have its best year ever.

Please refer to listing ID: BIS-60525

Industry:  Manufacturing
Industry Segment:  Metals Components Manufacturing
Geography:  United States > South
Gross Revenue:  $37,400,000
Cash Flow:  $6,410,000
Cash Flow Comments:  EBITDA
Value of Inventory:  $2,300,000 (Included in Asking Price)
Seller Financing:  The Seller prefers an all cash transaction; however, he will consider all offers including offers that include some Seller Financing.
Year Established:  1984
Number of Employees:  225 full time - 40 part time
Reason For Selling:  Cash out and diversity investments. Seller will sign a Non-Competition Agreement with the Purchaser.
Facilities:  The Company operated several facilities currently totaling 223,000 sq. ft. The land and buildings are owned personally by the Seller who is willing to negotiate a long-term lease with the Purchaser.
Market Outlook/Competition:  The outlook for the industry and the Company is very bright.
Name:  Erich K. Schmid
Company:  Business Intermediary Services, Ltd.
Email:  ekschmid@prodigy.net

 

Business Intermediary Services, Ltd.
P.O. Box 2607
Fairview, NC 28730-2607
Phone: (828) 333-9729 - Fax: (866) 208-1041

Contact us at ekschmid@prodigy.net

Copyright © 1999, Business Intermediary Services, Ltd.
All Rights Reserved.

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