Industrial Millwright Rigging Steel Fabricator
Not Disclosed, VA Frederick County
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- RE: Industrial Millwright Rigging Steel Fabricator
- Contact: Richard Halterman
Quick Facts
| Asking Price: | $1,800,000 | |
| Annual Revenue: | $1,939,079 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $608,729 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $400,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1992 | |
| Employees: | 13 | |
| BBN Listing #: | 945923 | |
| Broker Reference #: | 2003-18361 |
Business Overview:
The Company offers a variety of services including millwright work, plant maintenance, rigging equipment, structural and miscellaneous steel, stainless steel for buildings and equipment, and pre-engineered buildings.
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Property Features and Assets:
The office is located in a pre-engineered metal building in M-1 zoning, light industrial, occupying roughly 2,000 square feet of office space and roughly 4,500 square feet of shop space. The property is not owned by the operating company and there does exist the opportunity for purchase.
Assets = $1,800,000
Market Competition and Expansion:
There are multiple contractors in the area but in general not enough to go around providing ample opportunities for jobs. The Company has extremely good relationships with some of the biggest manufacturing companies in the Winchester area. There is enough work that many times, work must be turned away.
The economy in the market area continues to boom with no sound of a slowdown expected. It’s proximity to the Northern Virginia market makes it benefit from the rapid expansion in that area. It’s primary customer has a unique marketplace position and ridiculous growth over current and future years.
More interaction and marketing to other major manufacturers in a 50-mile radius would be a suggested course of action if new business was desired. Interaction with architects and engineers with good old-fashioned door-knocking and phone calls would also be a strategy for new business if desired.
Reason for Selling:
The owner is looking to sell in anticipation of retirement.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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