Description of the business for sale
This is one of the most prestigious names in industrial / commercial roofing and sheet metal fabrication in the region. Having been in business for 52 years, this company is well positioned to capitalize on the $100 billion in reconstruction after hurricanes Katrina & Rita. The company has traditionally done only commercial and industrial roofing, but it is licensed and capable of doing residential roofing. The seller is certified to install several quality roofing products that require a minimum of 5 years experience. Roofing now accounts for approximately 40% of revenue. Again, the sheet metal fabrication business specializes in industrial and commercial applications with particular expertise in high end metals such as Monel & stainless steel which are used heavily by the petrochemical industry in S.E. Louisiana. Their customers are some of the biggest names in the petrochemical industry in the region and they have long term, well established relationships with them. The seller would like a stock sale which would include $700,000 cash in the bank and all real estate consisting of 5 prime industrial lots, and approximately 21,000sq ft of buildings outfitted for heavy industrial fabrication. The seller who inherited the business from dad, is ready to retire from ownership but is willing to stay on to run the day to day operations. The company has the physical capacity to do $5-$10 million per year which it has done in the past. It desperately needs aggressive management, particularly in the area of marketing. The seller is ready to sell and will consider all reasonable offers and will consider selling just the roofing business.
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Support / Training provided by seller
Available
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Description of the facilities
ADDITIONAL FINANCIAL INFORMATION:
• Inventory: $150,000.
• FF&E: $800,000.
REASONS FOR SELLING: Retirement.
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