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Listing Number: 3544

Iron Fabrication Business for Broker in Suffolk County, Massachusetts

Business:Iron Fabrication Business for Broker
County, State: Suffolk County, Massachusetts
Business Type: Special Trades, Building

Summary Description

Unique opportunity to purchase a well known and well respected profitable light iron fabricator business. This business was founded by the current owner and has delivered quality custom iron products for 35 years. Customers are federal government, state and local government, local government, and commerical. Owner gets requests from residential owners / developers that he mostly turns away. At one time this business grossed 5 million in sales. Owner is retiring so he has been intentionally downsizing his business over the past several years. Owner is willing to work with a buyer to train and make introductions to customer base. 50% of business is from repeat sales; there is no advertising; word of mouth brings in new customers. Owner does not do any labor; he works in the office and manages the bid / proposal process. This business can be relocated; most customers are in the New England area. Delivery truck and all equipment is included in the price. Financials are based on 2003 business. In 2004 one single local gov't job brought in more revenue than the entire revenue for the previous year. This is an incredible opportunity for the right buyer and is priced for quick sale.

About the Sale

Asking price: $150,000 (USD)

Financing: $100,000 down and $50,000 at 8% over 36 months

Total Revenues: $218,396 (USD)

Cash Flow: $38,262 (USD)

Reason Selling: Retirement

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