Details - Information last confirmed on September 3, 2020
Well established metal fabrication company that has been operating for over 20 years. Established customer base in place with opportunity to expand. Sales in recent years had been consistently around $500,000 annually, prior to 2020, when the pandemic caused volume to decline. Business should be in a good position for growth as the recovery from the pandemic begins. Also, owner has been absentee since late 2019, but working remotely on the business about 30 hours per week; an active owner/operator would be better able to grow the business. Strong reputation, especially for the commercial kitchen market, drives new projects. Equipment included in sale has a current estimated market value of over $60,000. Lease expires the end of May of 2021, so a new long term lease could be negotiated by the purchaser.
Owner has over 25 years of experience, and has operated this business for over 20 years.
Company has been operated without any marketing beyond word of mouth. An investment in marketing and a website could drive greater growth in the business.
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