This business provides all types of metal fabrication services to a variety of industries including railroad, waste water, construction, foundry, mining and machine tools. Most of the customers have been with the business for years and are local Wisconsin businesses. Services include design and engineering, machining, laser cutting, welding, forming and assembly. The employees include an engineering CAD designer, a core group of certified and experienced welders, flex staff used on a project basis and office staff. The fabricator has been in business for 30 years and moved in 2014 to a large new facility with plenty of room for growth. The Seller owns the building and will negotiate a lease agreement with the new owner, and would consider selling the real estate. The business and equipment could also be moved and incorporated into another fabricating business. The business location is north of Milwaukee in a light industrial area. The building has 22,000 sq. ft. of manufacturing space with two overhead cranes, 2,400 sq. ft. of office space and 2,400 sq. ft. of mezzanine space that is currently used for storage. Equipment includes 2 laser cutting machines, a hydraulic brake press, radial drills, metal saw, punching and shearing equipment, set up and welding tables, and wire feed welders. Annual revenue has been as high as $1.3 million in recent years but has faced some challenges in the last few years due to the health of the owner, the move to a new facility necessitated by sale of the original building, and general economic conditions. Seller is willing to stay with the business and work in a sales role.
Asking Price $650,000
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