Highly Successful Sheet Metal Fabrication Business

Bronx, NY

Seller Financing Available

listing image
Sale Pending
Asking Price:$4,500,000
Gross Revenue:$4,500,000
Rent:$27,000/Month
Established Year:1984
Cash Flow:$1,000,000
Inventory:$100,000
FF&E:$1,250,000
BUSINESS DESCRIPTION

BUYER SHOULD HAVE EXTENSIVE METAL FABRICATION KNOWLEDGE AND EXPERIENCE.

Includes state-of-the-art computerized CNC / Laser metal fabrication facilities in prime NYC location, dedicated staff, big name customers, great revenue and cash flow, generous inventory, name recognition, golden reputation, transitional support and enormous growth potential.

A rare chance to own a thriving metal fabrication company with customers that include Google, New York City Bus Shelters and many huge name clients. Focusing on building materials/construction, electronic parts, HVAC, street furniture and signs (newsstands, bus shelters), displays for department stores, landscape fixtures, military contracts and so much more. The owners are older and looking to hand the business to a qualified buyer who can substantially grow the business.

Founded in 1993, this large precision manufacturing company specializes in sheet metal fabrication including shearing, punching, laser cutting, bending, drilling and tapping, welding & spot welding, tool and die making and machining. Many projects now generating $2,000,000+ each and growing, serving a variety of industries.

All current business has been built solely on referrals, word of mouth, and reputation for quality work. ANY sort of actual marketing effort is expected to grow revenues very quickly.

Working with various materials such as Cold-Rolled Steel, Galvannealed, Galvanized, Aluminum, Stainless Steel, Brass and Copper, they provide services that call for a high degree of skill, high tech machinery and thorough knowledge of metal working.

This business sale comes fully staffed with highly skilled craftsmen, with years of specialized knowledge and understanding how to fabricate parts to specified tolerances. Sale includes ALL equipment, machinery, vehicles, FF&E and (in order to give a new owner the smoothest transition possible) expected to come with at least $200k inventory INCLUDED in the ask price.

Conveniently located in the Bronx, NY, they have a complete 27,000 square foot facility that is positioned strategically to easily provide service to the entire Tri-State Area. Lease is at a very reasonable rate, excellent relationship with landlord and it’s expected to transfer very smoothly to new owner.

Seller’s willing to provide excellent, generous transitional support in order to best maintain all staff, clients and workflow. There are 2 current owners taking at least $700k salaries per year combined plus excellent add-backs and more to push actual Ebitda towards that $1 million per year mark. Equipment alone appraising for $1 million+.

This clean, beautiful operation must be seen in person.

FILL OUT THE "CONTACT FORM" NEXT TO THIS LISTING TODAY TO RECEIVE THE FULL OFFERING MEMORANDUM AND ALL FINANCIALS.


DETAILED INFORMATION
Location
Bronx, NY
Inventory
Included in asking price
Real Estate
Leased
Building SF
27,000
Lease Expiration
31/12/2023
Employees
22
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Premium location in South Bronx with easy accessibility from surrounding areas, M1 manufacturing zone. Fully equipped for laser punching, CNC punching, bending/rolling, shearing, stamping, spot-welding, welding, machining, grinding and polishing, and inspection.
Competition
The company stands out from the competition through the quality of its product and ability to serve all sizes and types of projects. All business comes through reputation and word-of-mouth/referrals.
Growth & Expansion
Enormous growth potential in current market as customers are turning away from overseas production, now seeking domestic manufacturing.
Financing
Negotiable (for well qualified buyers who are able to put significant cash down at cl
Support & Training
Owners will stay on 6 months - 3 years to ensure smooth transition.
Reason for Selling
Retirement
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Jon
Sheklow
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Jon Sheklow