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For Sale: Sheet Metal MFG - Custom Building Products - Riverside County


Current Status: Active     Posting #: 255796     Last Refreshed: 12/2/19    
Contact: Fritz Strehlow At 714-220-1200  -  Also Email This Contact Below
Price:  $700,000     Down:  $700,000     Adjusted Net:  $325,000     Revenue:  $2,000,000    
Attributes:  Absentee Run, Semi-Absentee Run, Training & Support, Real Estate Available, Asset Sale     Cooperation With Brokers?  No

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  Description About This Posting: Sheet Metal MFG - Custom Building Products
Architectural Sheet Metal Mfr. ('AMM'), a 40-year old company, manufactures custom architectural components for exterior applications for a variety of commercial buildings. Products are designed by architects and ordered by a variety of contractors, including glass companies. Most recent annual revenues were about $2 million with about 20% pre-tax net income, after shareholder compensation.

The Company purchases metal stock from distributors and its staff fabricates the items on a custom basis. About 90% of sales are from repeat customers. Products are manufactured for customers which require very stringent quality control, having to meet tight tolerances and reliable delivery times.

The operation is in the greater Los Angeles area but AMM also ships to out-of-state customers, using company vehicles and common carriers.

CUSTOMERS: About 300 customers, with no significant customer concentration. Most contractors are in California.

STAFF: AMM has recently been managed by key employees, some of whom have a long history of employment with the Company and in the industry. While AMM has recently been performing well, there is no staff dedicated to marketing and sales. AMM's manufacturing capabilities and the expertise of its staff suggest tremendous potential for expansion in numerous markets and for numerous categories of products. Management focus has been more on existing business relationships than in actively pursuing new clients or other markets. The sole shareholder is not involved on a day-to-day basis.

FACILITY: AMM occupies seller-owned facility which may be available for sale. AMM is well positioned to handle a much larger volume. Additionally, with a more professional sales staff, AMM can potentially develop proprietary products or at least standard products.

FINANCIAL OVERVIEW: Revenues are about $2.1 million. After reasonable adjustments to expenses, the owner's discretionary earnings are about $300,000. Inventory is about $65,000. Fixed assets at cost had a value of about $800,000. Receivables are less than 10% of revenues. AMM employs 10 people.

TERMS OF SALE: $700,000 CASH.

PREFERRED BUYER: Industry experience.

CONFIDENTIALITY: Seller is highly concerned about confidentiality. Prospective buyers will be required to sign confidentiality agreements and demonstrate financial capability.

To get more information about this Sheet Metal MFG - Custom Building Products business for sale in Riverside County please phone Fritz Strehlow (Broker) at 714-220-1200 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #255796 on BizBen.com. In addition to phoning Fritz Strehlow, make sure you email Fritz Strehlow above to get more info about this Sheet Metal MFG - Custom Building Products, to ask any questions or request an appointment to see this business for sale. Thank you.

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