Buy a Business
BUSINESS FOR SALE “’ – STEEL FABRICATOR – RAILS – STEEL BEAMS – BRICK MANTEL’S (ANGELS)
Baltimore, MD
This 40 year old Business is doing $2.16 Million in Sales this year and has been growing in the last several years. It has a net Profit and Owners Benefits of $500,000 PLUS for the year a 24% net. This Business is priced right $2,195,000.
The Owner will stay with the Business for a needed transition period. He has a solid Customer base of Builders, Lumber companies and Businesses related to the Construction Industries, including Brick distributors and related Contractors. Their Accounts receivable are paid on time and they will only sell to Customers who pay on time, others are on COD.
There is a large inventory of over $700,000 and a Buyer will do well on the purchase of this inventory at the old prices. The inventory is now being sold at much higher prices, making the “Bottom Line” look much better.
The Capital Equipment included in the Purchase Price is about $700,000 plus which includes 4 heavy duty Steel Delivery Trucks, 4 fork lifts for loading steel, Welding Equipment, 3 Benders, Press Brake, and a large shop full of tools.
The Shop 7 offices are 5,000 sq. ft. and a large yard for the storage of the steel beams plus. The Rent is $3,000. The New Owner will want to learn about the Sellers ability to buy Products at Prices below market value.
A New Owner will want to add other Product & Services that these Customers need. This business has an excellent Manufacturing of Rails, which has a lot of room for expansion.
The business has 11 employees, including 2 Family member, one being the owner.
We want to find a Buyer who Likes “Cross Marketing” and has other Products & Services to sell. This Business is near the Maryland 495 Beltway on the Baltimore side of the City. Most all customers have came from the reputation of the Business and any Sales & marketing efforts will expand the business. There is room on the rented property to add additional Profit Centers.
Please contact Dennis Riley at 240-462-820 or e-mail him with your questions or to get a set of the Financials. dennis@beltwaybrokerage.com
