$1,250,000

Premier Steel Fabricator in the Antelope Valley - SBA Approved

California/Antelope Valley
Financials
  • Price: $1,250,000
  • Gross Income: $1,064,396
  • Cash Flow: $438,447
  • FFE: $600,000
  • Inventory: $0
  • Real Estate Value: $0
  • Source Data:
About the Business
  • Listing ID: #1830-FC
  • Year Established: 1989
  • Financing: SBA-approved combination loan for business and property is 3.96% fixed interest for 15 years with 10% cash down-payment - for qualified buyers.
  • Training: 4 weeks @ 40 hours per week
  • Facilities: he offices, production buildings, large fabrication shop and yard sit on approximately 13 acres in one of the fastest growth areas in California. The buyer has the option to purchase the property or negotiate a long-term lease. Additional rental income is currently generated from the property that can continue if the buyer wants to do so. Regardless, there is substantial room to grow this business. Another unique feature of the property is a beautiful 3 BR/2BA horse property complete with swimming pool and custom waterfall!
  • Competition:
  • Growth:
  • Employees:

Property Descriptions

SBA-Approved for a qualified buyer - A premier steel fabricator in the Antelope Valley since 1989, this 32-year-old company has a well-established list of long-term blue-chip customers like Boeing, Edwards AFB, Lockheed Martin, Nasa, Tesla and others. The company specializes in public works projects, the local aircraft industry, the Antelope Valley School District, and military bases… all located within 30 miles of the business. 2021 sales, including booked projects in the pipeline, have already exceeded pre-Covid years’ performance and the company is booking new projects into 2022. Having to turn work away or push out delivery dates, additional crew would substantially drive sales and profits. The owner also wants to emphasize the company’s expansive facilities and equipment capabilities have the capacity to triple current sales. The owner is currently providing one quote for every 10 requests and does not service customers outside a 30-mile radius. A strategic buyer could possibly realize even greater returns. The offices, production buildings, large fabrication shop and yard sit on approximately 13 acres in one of the fastest growth areas in California. The buyer has the option to purchase the property or negotiate a long-term lease. Additional rental income is currently generated from the property that can continue if the buyer wants to do so. Regardless, there is substantial room to grow this business. Another unique feature of the property is a beautiful 3 BR/2 BA horse property complete with swimming pool and custom waterfall! The business is conservatively listed for $1.25M and the property for $700,000. The fair market value of the FFE and inventory is approximately $600,000, according to the owner. He will also remain as needed to insure a smooth transition. The operation of his business requires a C-51 Structural Steel contractor’s license. SBA-approved combination loan for business and property is 3.96% fixed interest for 15 years with 10% cash down-payment - for qualified buyers. For more information, please contact Frank Costa at (818) 653-3480 or frank.costa@sunbeltnetwork.com. Disclaimer: The information herein has been supplied to Broker by the Seller. Broker and its agent Expressly Disclaim any and all liability for the representation of the warranties, express or implied, contained in such information or for omission from them. Broker believes the information to be correct but has not verified the information and makes no representation as to its accuracy, completeness or reliability. It is buyer’s responsibility, with the aid of appropriate professionals, if necessary, to perform independent due diligence to verify all the information prior to purchasing the Business.

The information in this listing has been provided by the business seller or representative stated above. The Business Broker Journal has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information.

Business Listed By

680 E. Colorado Blvd., Ste. 180 & 2nd Fl., California, Pasadena
  • E-mail : stacey.boyer@sunbeltnetwork.com
  • Web : https://www.sunbeltpasadena.com
  • Phone : 626-395-0717
  • Company : Sunbelt Business Brokers Pasadena
  • Listings : 9