Servicing an out-of-state majority in repeating customers, this thriving two-in-one custom welding and metal manufacturer in Northwest New Mexico offers various-sized ASME certified pressure vessels as well as production tanks to oil and gas conglomerates. Such as those used for water, fuel, frac, chemicals or underground storage; while also providing landings, ladders, cat-walks, truck beds, vehicle upfitting, tool boxes, gates, skids, machining, repairs, decorations and accessories. Headquartered at a prime location, the seller owned facility of 42,000 plus square feet features ample parking lot space and industry acreage for warehousing; is also zoned for commercial/industrial use. The property is in excellent condition and may be purchased alongside the business. The ideal buyer profiles could be a successful, high performance machine shop owner looking to expand its service offering or an emerging manufacturer interested in expanding its portfolio holdings. The enterprise comes with a long time and loyal management team that operates a combined operation consisting of 26 nonunion employees with vast field experience. Ownership would commit to an appropriate transition period to ensure a successful handoff. It comes with a track record of successfully attracting steady and profitable customer projects from word-of-mouth referrals and through online industry bid sources that convert into new clients. The floor operation has enough capacity and state of the art equipment to support a broad range of inventory requirements. 2019 Revenues reached $6,491,883, along with an Adjusted EBITDA of $1,516,694 and are back on track to achieve those milestones in 2021. Independently evaluated.
Listing includes Equipment range of $1,500,000 - $2,000,000, $300K if which is brand new and Inventory ranging $500,000 - $750,000.
Property valued at $2,500,000 comes included in the Asking Price. Listing can be purchased as Business Only for $5,100,000.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.