Legacy Fabrication Company In South Puget Sound

Business Overview:

This legacy metal fabrication business has been serving their community and markets for well over sixty years. They have been involved in some of the area’s most premier construction projects and have a long history of being the ‘Go-To’ steel fabricating business for many of their longtime customers. Most of the Seller’s internal responsibilities have been transferred to other employees but the Seller that acts as the General Manager is willing to provide a longer transition if needed. The business has a competent and skilled team of Project Manager/Estimators, Drafting, Fabricators and Administration that will provide a Buyer with a ready workforce to hit the ground running with new projects and work in progress. The business fabricates but does not provide installation-this allows them to focus on projects and increases capacity while reducing possible liability that comes from installation. This company would be an excellent addition as a bolt on to a larger business operating in the same or adjacent space or for an ambitious owner operator. Undeveloped real estate  to eventually build a facility on can also be acquired. Inquire today for details on this amazing opportunity! Five Year Weighted Average ANCF is $1,053,405. All inquiries will be expected to submit an NDA.

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Property Features and Assets:

This business operates out of approximately 12,000 square feet of industrial space. The facility includes an office, drafting, and a large shop area with secured yard. A long-time favorable lease is already in place. The Seller also has a nine-acre undeveloped parcel that is available for sale nearby if a Buyer is interested in building their own facility at some point.

Market Competition and Expansion:

There are other competitors in the fabrication industrial space though this business has a long legacy, heritage of over sixty years, and is known for dependability including highly customized projects. The business relies on word of mouth amongst its’ many loyal customers and is known as the ‘Go-to’ company within the markets they serve and have a well-deserved reputation for quality. There are several opportunities for growth and expansion. The main one would be to integrate modern technology into the business to create efficiencies and take advantage of bidding opportunities through creating other sales funnels. Most of the business that comes in is through word of mouth from its over sixty years in business. The Seller had plans to build their own facility on a tract of property. This property is also available if a buyer desires to purchase it. Development of a sales and marketing team could also be a pathway to growth.

Reason for Selling:

Additional Details:

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