May 4, 2020 — 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 owned facility of 42,000 plus square feet features ample parking lot space and industry acreage for warehousing; zoned for commercial/industrial use, the property is in excellent condition and may be purchased alongside the business (estimated at $2.5M). With absentee owner available for a smooth transition, projects are run by an in-place management team able to operate the business, as combined personnel of 26 nonunion employees with vast field experience agree to stay post-sale. Benefited by a capability to show quick returns on any advertising investment, marketing efforts focus on utilizing their proven effective word-of-mouth referral source system that brings from across the country individuals into their large client base. Expandable enough to handle extra capacity, with high/low inventory ranges between quarters and state of the art equipment, $300K if which is brand new, the company presents several growth opportunities for an ambitious buyer. Gross Totals have been steadily climbing over the past half-decade, already projecting to surpass previous numbers in 2020, while Revenues for 2019 reached amounts of $6,491,883, along with an Adjusted EBITDA of $1,516.694. Based on an independent evaluation!
Listing is available as a Business Only purchase for $5,100,000.
Disclaimer: DealStream has not independently verified any of the information in this post and makes no warranty as to its accuracy or completeness.