Description of the business for sale
Fence Corp of America is a leading manufacturer of metal, wrought iron, security and decorative fencing.
The current facility is located in the midst of a modern industrial park on a major street with easy freeway access. The modern concrete tilt-up 23,050 square foot industrial facility has 3,000 square feet of quality offices, 18 foot high ceilings, abundant 3 phase electrical power distributed throughout, full fire sprinkler protection and a large paved storage outside yard. The company invested nearly $1.5 million in capital including the automatic welder and a fully automated paint line including water based and powder coat painting.
The current facility is designed to run at 3 shift capacity with a throughput equivalent to support approximately $20 million dollars in sales. This is an ideal opportunity to acquire a premier manufacturing business.
The company was sold to the current owner in Oct. 2006. He has made many efforts to trend sales upward, while cutting costs, but has not realized the rewards as yet. The previous owner did not experience a similar decline in revenues during the last recession.
The offering is a bill of sale for all equipment and inventory used in the manufacturing of fence panels and products. The automated welder, state of the art powder coat paint booth system and saleable inventory alone exceed the asking price. Included in the sale are all the other assets of an operating business, name, customer lists, WIP, employees etc
Support / Training provided by seller
Seller will provide training for 8 weeks at 20 hours/week.
Description of the facilities
23,505 sq. ft.
Rent = $14,507/month