S498 – Manufacturing Company – Welding and Waterjet Facility

This fabrication business provides quality Waterjet, Welding, and Manufacturing services to a variety of customers in the South Texas area.

General Information

Description:

This fabrication business provides quality Waterjet, Welding, and Manufacturing services in the South Texas Area to a variety of customers. In 2020, the firm had its second-best year in company history during the Covid-19 pandemic with $1.295M in revenue. The business has over $500k in open PO work backlog going into 2022, and there is potential to extend several projects even longer. In addition, the owner made significant investments in equipment 2020 and, as a result, is seeing very positive results in profitability with lower cost of materials. This investment has also significantly increased the capacity and lowered manufacturing times. The sale includes approximately $800k of equipment. The facility was designed from the ground up, specifically for this business. It has over 14k total square feet of well-organized workspace, and there is excess capacity available to utilize. The facility can be purchased for $1.8M as part of the business sale directly from the owner. The owner has grown the business to a level where they are comfortable and works regular hours to leave room for family time. They are selling to relocate out of state eventually but will be available to assist the Buyer with a smooth transition. Terms to be negotiated depending on Buyer’s needs. Included with the sale are a meaningful non-compete and non-solicitation agreement. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. Call Doug Scheiding at 210-348-8989 or email at info@bbofsa.com for more information.

Financial Information

Asking Price:

$1,000,000

Down Payment:

Annual Receipts:

$1,295,000 (2020)

Cash Flow:

$262,000 (2020)

Mortgage

Seller Financing:

Franchise:

Home Based:

Relocatable:

Yes

Year Established:

10+

Year Acquired:

Employees:

7 FT / 2 PT

Building Information

Building Sq. Footage:

14,100

Monthly Rent:

$12,000 initially

Real Estate Available:

$1,800,000 with purchase of business