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Feb 5, 2020Business Description:

28 year manufacturer and installer of structural steel for the construction trade. Owner Retiring. Requirement for large facility, equipment and capital limits competition and creates abundant bid opportunities. Net open contracts of about $21M assure revenue stability. Customers include largest U.S. builders. At present the owner passes on many bid opportunities because the customer demand far exceeds current business capacity. By expanding the business’s infrastructure, a new owner can capture opportunities that are presently being turned away. The business has approximately 55 employees including experienced Management team. Operations Manager is willing to stay post sale. Manufacturing takes place in an approximately 25,000 square feet leased facility. Rent is about $20,000 per month.

This business requires a buyer who is has strong construction experience. The optimal buyer is a construction business seeking a synergistic add-on or a top-level construction executive or entrepreneur. This is not a business for inexperienced new buyers.

The business may qualify for SBA acquisition Financing with 25% Down Payment ($1,500,000) the annual payment on the loan of $4,950,000 with 10 year amortization and 7.25% interest would be $697,362 / year. Assuming the stated Discretionary Income of $1,900,000 annually less Debt Service of $697,362 would leave the buyer with $1,200,000 Cash Flow after Debt Service, a 75% first year cash on cash return on down payment.

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