Industrial Commercial Millwright Rigging Steel Fabricator-Erector

Frederick County, VA
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Asking Price:$1,800,000
Gross Revenue:$1,939,079
Established Year:1992
Cash Flow:$608,729
FF&E:$400,000
BUSINESS DESCRIPTION

The Company offers a variety of services including millwright work, plant maintenance, rigging equipment, structural and miscellaneous steel, stainless steel for buildings and equipment, and pre-engineered buildings.


DETAILED INFORMATION
Location
Frederick County, VA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
7,000
Employees
13
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The office is located in a pre-engineered metal building in M-1 zoning, light industrial, occupying roughly 2,000 sq ft of office space and roughly 4,500 sq ft of shop space. The property is not owned by the operating company and there does exist the opportunity for purchase.
Competition
There are multiple contractors in the area but in general not enough to go around providing ample opportunities for jobs. The Company has extremely good relationships with some of the biggest manufacturing companies in the Winchester area. There is enough work that many times, work must be turned away.
Growth & Expansion
The economy in the market area continues to boom with no sound of a slowdown expected. It’s proximity to the Northern Virginia market makes it benefit from the rapid expansion in that area. It’s primary customer has a unique marketplace position and ridiculous growth over current and future years. More interaction and marketing to other major manufacturers in a 50-mile radius would be a suggested course of action if new business was desired.
Support & Training
Will train for 4 weeks @ $0 cost.
Reason for Selling
The owner is looking to sell in anticipation of retirement.
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Richard
(Dick) K. Halterman, 11
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Richard (Dick) K. Halterman, 11