Steel Wholesale and Retail Distribution
Location: Inter-Mountain West
ID: (# 200623)

Steel Wholesale and Retail Distribution

New Listing

To request additional information start by providing the following:
Asking Price: $ 5,950,000
Cash Flow: $ 708,285

Annual Sales:  $ 7,090,000
Assets (FF&E):  $ 1,235,000
Inventory:  $ 1,600,000
Real Estate:  $ 1,950,000

Overview

This company has operated at the same location since 1948. Their growth has come almost entirely organically with little effort at sales/marketing expansion. The owner would be willing to sell the business separate from the real estate.

Details

Reason for Selling:
Retirement

Year Established:
1948

Number of Employees:
20

Facilities:
Three acres. Two buildings. One building is used as warehouse/shop space. One building has both shop and office space.

Furniture, Fixtures, Equipment:
Delivery trucks, fork lifts, crane...

Support and Training:
The current owner would be willing to continue as an employee, contractor, consultant or some combination. The department leads are also expected to stay.

Competition and Market:
There are other providers of similar products and services. This company provides full mill length and sized steel shapes, as well as pre-cut steel, custom lengths and sized or sheered plates. They sell both wholesale and retail, new prime and surplus/secondary material, available on site and through delivery. Competition Although there are competitors (both small and large), this company continues to see it's revenue and client base grow.

Growth and Expansion:
This company has gradually grown year over year. They have a broad customer base (especially in the small and mid-sized projects) but have spent very limited effort to expand. Sales/marketing, additional product lines and additional services would have an impact on sales.


Broker Contact Information

Royce Yorgason

Royce@Bristol.Group


Bristol Group

Northern Utah, Utah
(435) 938-8450 | Office