South Carolina Metal Fabricator & Industrial Field Services Company for sale

Financial Information

  • Asking Price: ON REQUEST
  • Gross Revenue: $8,202,129
  • Cash Flow: $1,321,915
  • Down Payment: ON REQUEST
  • FF&E (Included): $1,800,000
  • Inventory: N/A
  • Financing: Yes

Business Location

  • Orangeburg
  • Orangeburg
  • South Carolina
Primary Business Category: Fabricated Metal Product Manufacturing

This 30 year old company caters to large industrial manufacturing plants and provides on-site field services like millwright, welding, fabrication, machining, etc. Another 40% of their work is fabricated at their 45,000 SF manufacturing facility which allows for large fabrication as they have 30 ton overhead crane capacity. There is a large fleet of vehicles the employees use for getting to job sites including Steel Mills, Power Plants, Paper Mills, Mining/Cement Mills and other general industry. 60% of their business is done with their top 6 customers with the two largest accounting for just 14% of sales each. They can work on special designed equipment, re-design or provide a complete set "As Built" drawings. Sales in 2018 were $9,272,801 with over $1,500,000 of adjusted earnings. Sales in 2019 and 2017 were $8.2 Million with adjusted earnings of just over $1 Million each year. There are a total of 45 employees all of which have strong skill sets. The owner is ready to retire but will provide a long training and transition period for a buyer. There is no formal asking price but the owner hopes to get close to a 4.5 to 5 multiple on the business. There is also a preference to sell the real estate.


Support / Training Comments

Seller will negotiate a transition period


Reason For Sale
Retirement
  • Home Based: No
  • Year Established: 1990
  • Franchise: No
  • Year Acquired: 1990
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences: Business

  • Is Property Leased: No
  • Real Estate Available: Yes
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Real Estate Asking: ON REQUEST
  • Fulltime Employees: 45
  • Part time Employees: N/A
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $0
  • Monthly Rent: ON REQUEST

Contact Business Broker

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Business Listed by

Sunbelt Charlotte

Contact: Bill Law
Office Phone: 704-897-8232
Mobile Phone: (704) 644-1141 Direct Line
Listing ID: CHARLNC001-N798

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