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Custom Metal Fabrication & Installation

Details
Posted By:
R M Buehler
Posting ID:
3724o1225
Location:
Southern California
Telephone:
Tags:
 metal   roofing   products   ductwork   ventilation   systems   manufacturing   services   commercial   government 
Item Category:Business

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Custom Metal Fabrication & Installation
ID Number: 08039
Primary Category: Metal Fabrication
Annual Revenue: $6.3M
Annual Adjusted Net: $1.5M
Asking Price: $5.5M
Down Payment: $2M

Summary Description

This company provides its corporate clients both standardized and customized metal products for large residential community projects in Southern California.

Typical orders include metal roofing products, ductwork, and ventilation systems. They are known within their industry as a full package supplier from design, manufacturing, delivery, and to installation.

They are divided into two major divisions: manufacturing and services. The manufacturing division consists of approximately 15 factory staff. The services division consists of approximately 40 field crew who are responsible for working with the site contractor to ensure timely delivery and installation of their product. In the field, there are multiple field crews divided into teams. Each team is managed by a Foreman. The company's daily management is headed by 6 key pland and field workers.

Administrative support includes an office manager. The majority shareholder's role in the business is divided between bid reviews, contract negotiations, and general company oversight.

Their revenue base is quality and price centered with little emphasis on marketing efforts to drive new sales in their current space and in new sectors, such as commercial, government, and private projects. In fact, the company is very selective on new projects and will typically turn down 25% of new bid opportunities from existing and potential clients.

This company is being offered as an asset sale. Assets include the management team in place, working capital (including work-in-progress and accounts receivable of $1.2M), backlog, and current equipment list. The shareholder of this company is open to an extended transitional period until a suitable replacement is found. Their exit time could extend past one year based on the overall structure of the transaction.

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