Established custom metal fabricator of large dimension products in NW Indiana

Description

The shop building is a 6400 square foot steel structure with overhead cranes. The equipment includes a shear break, plate roll, forklifts, truck, saws, welders, and a variety of small tools. There is room at the current site to add a significant expansion to the existing shop. Operationally, the company works M-T 10-hour days using Friday for overtime. All welders are certified.

The office building is 1120 square feet and contains three large offices, an entry seating area and plenty of storage. The company uses QuickBooks.

Support/Training Description

Seller is committed to helping the buyer succeed. The Seller will provide needed training and transition for a reasonable period of time negotiated during the sale. After the initial period, the Seller will provide support on a time and materials basis.

Market /Competition

The market is fragmented and composed of relatively small companies that have found a niche. Today the company provides custom large dimension products to manufacturers and construction contractors across the country. There are other metal fabricators offering smaller products, they may have production lines that run relatively small volumes or larger volumes depending on the situation. Other large dimension product companies put a larger effort into contractor work requiring a large bid response effort.

Real Estate

A Market Value Appraisal of the property was prepared by an independent third party on January 22, 2024, showing the value of the real estate to be approximately $960,000 with an estimated net operating income of $77,000. The owner will consider adding the sale of the real estate into the business purchase at an agreed upon price for an interested buyer. The owner may also be interested in selling the real estate independently under certain circumstances.