See Similar Listings

Specialty Metals Distributor

Ohio
listing image
Gross Revenue:$4,000,000
Established Year:2005
EBITDA:$283,000
Listing ID: 2221192Listing provided by BizBuySell
BUSINESS DESCRIPTION

The Company is a value-added distributor of special metals, servicing the North American Forging Industry. The Company primarily sells semi-finished forging quality steel products. They purchase carbon and alloy steel direct from mill producers, typically in full heat quantities, and break it into smaller quantities to sell to customers.

The Company has developed extremely close customer relationships throughout their history. As such, the Company relies on repeat business and a strong reputation within the industry to generate revenue. Currently, the Company generates approximately 85% of revenue from previously engaged customers within the industry. Given the Company’s reputation and customer contacts, significant revenue generation is possible with additional resources dedicated to sales support.

DETAILED INFORMATION
Location
Ohio
Inventory
Not Included in asking price
Employees
3
Competition
Strong Client Relationships: The Company is proud of its strong ties to clients and reputation for quality work and client service. Evidence of these relationships is shown in the 85% rate of repeat business. Their top five clients have been working with the Company since the beginning, dating back to 2005.
Growth & Expansion
Rising Gross Profit Trend: Throughout the historical period, gross profit increased from 18.2% of sales in 2021 to 20.4% of sales by the end of 2023. The Company has been able to efficiently control its cost of sales after high growth, demonstrating its ability to maximize profitability potential.
Report an Issue with this listing
Madison Buckley
Generational Equity, LLC
Phone Number
Madison Buckley
Call Phone