Eastern Iowa Structural Metal Manufacturer

Iowa, United States

198834ec-822b-4b2d-bde8-e54aa1e384a1-W768

$1,198,850

Listing# :

2408013

SIC :

3499

Gross Revenue :

6,689,943

Status :

For-Sale

Discretionary Earnings :

$1,198,850

Business Type

Manufacturing / Mfg-Fabrication

Business Description

A long-standing structural metal product manufacturing business is available for acquisition in Eastern Iowa. Under continuous ownership for several decades, the company has built a strong reputation for quality and reliability.

The sale includes both the operating business and the accompanying commercial real estate, which is estimated to add approximately $1,000,000 in value. The owners are seeking the best offer, with no formal asking price established.

This is an ideal opportunity for:

  • Strategic buyers
  • Independent sponsors
  • Private equity investors

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Detailed Information

Inventory:

$500,000

FF&E:

$1,000,000

Established:

1984

Facilities:

Company owns its commercial real estate with all operations within this 8.6 acre lot and 24,000 SF of manufacturing space. Site is zoned Industrial. Estimated value of $1,000,000.

Competition:

Business targets smaller, higher margin fabrication jobs that larger competitors avoid due to variability in sizes and custom requirements.

Growth & Expansion:

There are several notable opportunities for growth. These include: (1) add an outside salesperson, (2) invest in advertising and marketing, (3) add ancillary product lines, and (4) from a new buyer qualifying as a disadvantaged owner.

Support & Training:

Will train for 2 weeks @ $0 cost.

Reason for Selling:

Family operation, the second generation is selling for retirement.

Total Assets:

$2,500,000

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