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Heavy Steel Manufacturer In Tennessee For Sale

Tennessee, US
Asking Price:
$1,900,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,850,000 (USD)
Cash Flow:
$500,000 (USD)

Full-service Job Shop, specializing in very large custom carbon and stainless and structural steel fabrication: tanks, storage bins, exhaust stacks, trusses, collection hoppers, cleaning units and many, many other kinds of equipment developed for custom need and manufacturing industry plant installations.

9 full time welders/machinists and 1 part time painter use the latest products and technology to provide superb workmanship and quality at maximum cost efficiency.

Facilities: The real estate, a 18,750 sf shop (with offices) on 2.06ac ($375,000) is available as part of the asking price. The plant's location provides especially easy access to truck, rail, and barge.

February 2020 YTD volume: $1.87M
$2M gross expected by fiscal year-end, 3/31/20

Property Information

Real Estate:

Real Property Included

Location:

The plant's west Tennessee location provides especially easy access to truck, rail, and barge.

Premises Details:

Newly painted office, with new signage, adorns 18,750 sf shop / offices, on 2.07 acres.

Size in square feet:
18,750

Business Operation

Expansion Potential:

Owner has the luxury to be selective in customers, able to decline potentially unprofitable or slow turn projects. Financing long term projects has not been a problem, but might be for an under-capitalized buyer.

Competition / Market:

The best steel fabricator in the South, known for excellence in quality work performance and the highest standard of business integrity, has earned the customer loyalty from a growing list of household name, Fortune 500 companies.

Reasons for selling:

Retirement and other business interests

Trading hours:

7am - 4pm Monday-Friday

Employees:
12
Years established:
50

Other Information

Support & training:

30 days plus

Furniture / Fixtures value:
$375,000 (USD) - included in the asking price
Inventory / Stock value:
$25,000 (USD)

Contact Information

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