Seller's Comments and Description:
Fab/Machine Company with Product Line
The Company provides custom design and drafting, engineering, shearing, forming, welding, brazing, torch cutting, portable welding, portable torch cutting, field line boring, and on-site assembly and maintenance services. It also offers advanced job shop services and CNC manufacturing; specialty products include custom cranes, rabbit and conveyor systems, turntables, transfer tables, and shop carts.
Its facility comprises approximately 25,000 square feet, is utilized for office, fabrication, and warehouse purposes. and can accommodate significantly higher revenues without major facility improvements or capital equipment expenditures. The Company employs 23 full-time personnel, and also utilizes 4 part-time employees on a per demand basis. DISCLAIMER
The Company targets industrial, excavating, railroad, construction, and other market segments across the US, maintains a base of approximately 500 customers (140 active), and over 75% of revenue comes from recurring active customer orders.
Growth & Expansion:
The Company has long maintained an outstanding reputation for providing custom design and manufacturing services that meet the most demanding customer specifications. Sales growth has been based on repeat customer orders and word of mouth marketing. The addition of a sales organization would support the growth of the business without affecting the need for additional equipment and employees.
Limited amount for qualified buyer seeking bank financing
Support & Training:
Owners are available for long term support to buyer.
Reason for Selling:
Owners desire to pursue other interests