Metal Fabrication Business and Real Estate For Sale

Houston, TX
Asking Price:$2,000,000
Inventory:$50,000
Established Year:1987
Gross Revenue:$1,100,000
FF&E:$350,000
BUSINESS DESCRIPTION

Certified to provide services to the City

Founded in 1987, the Company was originally formed to fabricate and install residential and commercial burglar bars in the Houston area, with a unique method of quickly and safely exiting a building from the inside, in the event of an emergency, through the use of a latch, patented by the owner, for quick release of one or more secured windows, allowing the bars to swing open, like a door, from its secured position. It was the quality of work and service on this initial venture that led to requests from builders to fabricate more ornate items, such as metal stairwells, metal doors and inserts, window customizations, kitchen customizations, etc., for residential and commercial installation.

Additionally, the Company fabricates and installs structural metal components, producing items such as specialized beams, floors, subflooring, platforms, stairwells, etc., typically for customers of a more commercial nature. The Company is certified to provide structural contracting services for the City of Houston.

The Company operations are managed by a well-tenured team loyal to the owner; the owner primarily manages the financial concerns of the business as well as some customer relations. The Company currently employs 14 individuals; one administrative with the remainder operational. The owner expects to be involved for a period of time post-transaction, in order to ensure a smooth customer and employee transition.

The Company facility is located on two adjacent residential lots (54,000 sq ft surface area combined), near a major roadway in Houston. Buildings include: a fabrication shop, a paint/finishing shop, a single family home (utilized as Company office), a single family home (rented) and a duplex (both units rented). The fabrication shops are wired for and utilize three-phase power. The owner would prefer to sell the real estate with the business, and has included it in the listed price.


ATTACHED DOCUMENTS
Confidentiality Agreement Download

DETAILED INFORMATION
Location
Houston, TX
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Employees
14
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The Company facility is located on two adjacent residential lots (54,000 sq ft surface area combined), near a major roadway in Houston. Buildings include: a fabrication shop, a paint/finishing shop, a single family home (utilized as Company office), a single family home (rented) and a duplex (both units rented). The fabrication shops are wired for and utilize three-phase power. The owner would prefer to sell the real estate with the business, and has included it in the listed price.
Competition
The demand for high end residential and commercial business furnishings has been depressed post-Covid, as interest rates have remained high, but the Company has continued forward focusing on quality products and service, and has maintained the core team necessary for current operations as well as expect growth when demand recovers.
Growth & Expansion
As interest rates ease and demand for higher end metal finishings increases, the owner expects 50% to 100% Revenue growth, back to pre-Covid levels.
Support & Training
The owner would like to remain for a reasonable period of time in order to ensure a proper ownership transition with the employees, many of which have been with the Company for over 10 years, and the customers, many who date back to founding of the Company.
Reason for Selling
Pursue other interests and ease into retirement.
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Dennis
Hobbs
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Dennis Hobbs