SF Bay Area Rebar Fabrication and Placement Company

California
Rebar
Asking Price:$2,500,000
Gross Revenue:$7,689,805
FF&E:$1,000,000
Established Year:1971
Cash Flow:$533,915
Inventory:$250,000
Real Estate:$6,000,000
BUSINESS DESCRIPTION

Long standing, well run, reinforcing steel/rebar company looking for a new owner to take it to new heights. Current owner took over from his father in the 1980s and is ready to retire. Three year average SDE of ~$680k.

They built a great company with a great reputation in the market which you can easily build upon.

This reinforcing steel company has completed a vast variety of different types of projects. 50+ years of experience has allowed the ability to complete Public School Facilities, Fire Stations, Box Culverts, Retaining Walls, Creek Channels, Tilt-ups, Miscellaneous Concrete Structures, Bridges, Masonry Buildings, Commercial Office Buildings, Structural Steel Buildings , Metal Buildings, Custom Homes, Colleges, Civic Centers, Police Facilities, Jails, Bart, Seismic Retrofits, Churches, Aquatic Centers, Amusement Parks, Pump Stations, Bowling Alleys, Shopping Centers, Wineries, Airports, and so on.

The company services the entire northern California market covering the SF Bay area east to Sacramento, south to Monterey a north to Redding and maintains a fleet of vehicles and trailers to manage all deliveries. The business maintains a fleet of trucks and trailers for control of the delivery process.

The company is registered as a California – C-Corp. To successfully operate the business a new owner will need a local business license, resale certificate and a California C-50 Structural Steel license. The current owner is the RMO however, there are numerous employees with licenses that can serve as an RME.

This is a union affiliated business. The non-union staff at the facility consist of management, operations, estimation, personnel and accounting. The yard staff uses workers from the Ironworkers Shop Union 855 which provides flexibility to the number of workers based on current work load. Additionally they also utilizes Ironworkers Union Local 377 and 378 work force for all field installation. 11229


DETAILED INFORMATION
Location
California
Inventory
Included in asking price
Real Estate
Owned
Building SF
17,000
Employees
25
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The facilities consist of 2 open warehouse areas of about 13,000 sqft that house the rebar fabrication machines with area for cage production. The property has 5 cranes for moving materials, loading and unloading trucks. Additionally there is approximately 4000 sqft of office space. The lot is fully fenced and gate controlled 1.82ac with nearly 100% of the lot poured/supported cement. The uncovered areas are available for movement of inventory management, forklifts, trucks, trailers and general parking. Property can be leased or acquired for $6M.
Growth & Expansion
New owner could expand operations in the current facility by increasing sales to the commercial building space, bidding larger jobs and adding a second shift.
Financing
SBA pre-approved
Support & Training
The owner will provide 2 weeks, 20 hours per week for training as part of the sale. Owner is willing to sign a longer part time consulting agreement to aid in the transition. There are a number of current employees that will stay on and provide valuable knowledge of current business operations.
Reason for Selling
The owner took over the business from his father in the 1980's, he has expanded
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Doug
Atkinson
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Doug Atkinson