Under Contract. This turn-key multi-faceted industrial design, fabrication and custom installation business was founded in 2003 and purchased by the current owner in 2007. They specialize in producing custom designed products engineered to meet strict safety related applications in large manufacturing and light industrial facilities around the US. Even though the business is located in Central Ohio they travel outside the state on a very regular basis performing installations on the components and assemblies they produce in their shop. They do remain flexible in the installation of their designs in order to meet production considerations that are not foreseen. 3-D designs are computer generated so that a customer is able to preview the proposed product/assembly before installation is performed. Prospective and existing customers often consult with this company onsite at their facility in order to review the production process and goals. It should be noted that this owner loves the design and engineering aspects of the business but really sees a value in working with a buyer who can bring in experience related to marketing and sales.
About the Business
Year Established: 2003
Number of Employees: 3
Facilities: This fabrication, installation and service business operates from approximately 1500 sq. ft. of space, however, they are in the process of relocating to a brand new facility with about the same square footage. The space they utilize is used for storage of tooling & equipment, assembly and fabrication work, stocking of parts/ components for their assemblies, salable new inventory, office and administrative space and shipping and receiving area.
Opening up sales channels for their products and services is really a matter of implementing an inside/outside sales program. Presently the owner makes some calls into new accounts but relies heavily on word-of-mouth and repeat business within defined target markets. Some direct mailing work is performed each year working off specific SIC codes. They also maintain a company website that is full of product and service information and an outline of their capabilities.
There is a supply component to this business that could be expanded as well. Presently pieces and parts supply sales only accounts for approximately 5% of the company's revenue stream. Adding additional industry-related product lines and a salesperson could build that division very well.
There are companies providing safety analysis, risk assessment and engineered solution proposal work within the US and abroad that could have a genuine interest in this business. Pairing up the designed fabrication and installation solutions offered by this company with a company helping manufacturing and industrial facilities comply with safety regulations may be a fantastic fit.
Owner is willing to remain on as a partner or employee in the business depending on the buyer's needs. Business owner understands that there are several markets for his products to be utilized. Some markets are more competitive than others. This company has concentrated its efforts into several niche sub-markets within the industrial fabrication and manufacturing sectors in the U.S. They travel out to perform installation work as far away as CA. Other companies fabricate similar assemblies but this company's custom-design and ins
About the Sale
Reason For Selling:
Other interests. May be willing to partner with new owner/investor.
Asking Price $325,000
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