Midwest Metal Fabrication Company

Business Overview:

This Midwest metal fabrication shop focuses on laser cutting, forming, and welding, along with the design and build of custom products for a niche market. Its customer base is diversified over many industries including automotive, office furniture, automation, outdoor architecture, restaurant furniture, marine, and landscaping. The Company primarily focuses on smaller runs and quick turnarounds but has the ability to mix in production orders with the many automation innovations it has installed. The Company’s reputation for quality and fast, reliable service has attracted an impressive, loyal customer base. Its skilled, dedicated workforce and broad range of capabilities allow the Company to maintain high-quality standards and operate efficiently.

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Property Features and Assets:

The Company is set in a modern industrial park less than a half-mile from the highway serving the area. It consists of 58,650 square feet, divided into office, production and warehouse space. The two separate office spaces hold the laser project managers and the paint rack designers. The Company added 32,150 square feet to the original 26,500-square foot building. The building affords plenty of room to grow; Volumes could nearly double in the current space. The Company has stayed on top of equipment purchases, including the new BLM tube laser added in 2022. There are no pressing capital improvement needs. The business owner owns the building and land through a separate, related LLC. He is open to a sale or lease of the property to the new owner. Equipment is maintained on a quarterly basis by the equipment manufacturers.

Market Competition and Expansion:

GROWTH OPPORTUNITIES Modern, spacious building – Recently expanded facility provides plenty of room for growth – as much as twice the current output. Continued increases in volume through the facility will translate quickly into increased cash flow. Dynamic regional economy – Its service region is full of great companies constantly developing new products that require the Company’s services, and the region continues to attract new manufacturers. New capabilities – New, state-of-the-art equipment added in 2022 will help build the customer base. Attraction, retention – In a challenging hiring environment, the Company has successfully added the next generation of employees to its workforce through employee referrals. INVESTMENT HIGHLIGHTS Diverse customers – The Company serves many industries, including automotive, office furniture, automation, outdoor architecture, restaurant furniture, marine, and landscaping. Automation and wide range of services – Efficiencies provided by the Company’s many automated and simplified/focused operations give it a significant advantage against competitors in all aspects of laser/fabrication work. Lean, capable team – The owner has built a solid, lean team of employees, many having long-term tenure with the Company. Premium pricing – Its high-quality work and quick turnarounds allow the Company to charge premium prices for its services. Resiliency – The Company has succeeded even through the 2008-09 recession and the COVID pandemic – a testament to its strong employee culture and solid customer base.

Reason for Selling:

Retirement

Additional Details:

Documents:

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