Decorative Metal Fabricator
Sold -
The Company designs, fabricates and installs decorative metal products. Products include simple and ornate railings, fencing, stairs, gates, window guards and decorative metal products. Products are manufactured from iron, brass, steel and stainless steel. The company markets to both upscale commercial projects and residential homes. The owner will consider carrying a note for a qualified buyer with $300,000 down payment. The buyer will need approximately $200,000 for working capital. This is an asset sale with approximately $225,000 of furniture, fixtures and equipment and $25,000 of raw materials inventory. Work in progress is included in the sale. Seller will retain cash, cash equivalents, A/Rs and A/Ps unless specifically noted. Some assumed leases are identified separately.
- Industry:
- Manufacturing
- Asking Price:
- $942,000
- Revenue:
- $2,339,865
- SDE: Seller Discretionary Earnings (SDE) or Discretionary Earnings is the earnings of a business enterprise prior to income taxes, non-operating income and expenses, nonrecurring income and expenses, depreciation and amortization, interest expense or income, owner’s total compensation for those services that could be provided by a sole owner/manager.* (*Source: Valuing Small Business & Professional Practices, Shannon P. Pratt, Robert F. Reilly, Robert P. Schweihs, Third Edition McGraw-Hill)
- $303,937
- Inventory:
- $25,000
- FFE:
- $225,710
- Year Established:
- 1986
- Employees:
- 38 FT / 1 PT
- Location:
- North Texas
- Building SQ FT:
- 21,250 +/-
- Real Estate:
- Leased Facility
- Listings ID:
- 1601