Steel Service Center – Indiana

SteelBusiness
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SteelBusiness
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  • Property ID: 403
  • Date added: 11/30/20
  • Broker: Broker: Thomas D. Poyser - 317-513-2898 TomAmericanBusiness@gmail.com
  • Asking Price: $ 975,000.00
  • Revenue: $ 2,100,000.00
  • Cash Flow: $ 170,000.00

Description

Steel Service Center – Indiana

Asking Price:  $975,000       Revenue:  $2,100,000               Cash Flow:  $170,000

FF&E:  $445,000                           Inventory:  $31,000

Real Estate Asking Price:  $2,000,000         Established:  1991       Employees:  5 FT, 1 PT

Business Description
The Company is a privately-owned steel service center proudly serving clients in its geographic area. It supplies common grades of steel and specialty metals, and will also procure hard-to-fine items at customer’s request.  The Company also provides value added services to the materials per customer specifications.
Detailed Information
Inventory:  Included
Furniture, Fixtures, & Equipment (FF&E):  Included
Facilities:  25,000 sq.ft. office and warehouse. Warehouse is high bay with two overhead cranes, on approx. 3 acres.  Real estate is available for lease and can be purchased for $2,000,000.
Competition:  Strong Client Relationships: The Company has built an extensive customer list and good industry relationships since its inception. The customer base is loyal, which allows it to save marketing costs that competitors must foot, both in acquiring new customers and in obtaining repeat business from existing customers
Growth & Expansion:  Facilities Will Support Pro Forma Growth: The Company’s facilities and resources are not currently at capacity, so future growth will be supported by the current assets and facilities on hand.
Financing:  Seller financing if necessary for buyer to secure an SBA loan
Support & Training:  30 days within the purchase price, consulting agreement beyond
Reason for Selling:  Retirement
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