Years Established:

60 Years

Property Type:

Lease

FF&E:

$ 700,000

Inventory Value:

$ 100,000

Premise Details:

Company facilities comprise a 21,500 square foot building, including shop, warehouse, office, and storage areas, situated on one block totaling approximately 2.25 acres. The land and buildings are Company-owned, and are available for sale along with a business sale transaction.

Competition:

Demand for this company’s product is driven generally by the needs of industrial companies, as well as construction activity, and is therefore linked to economic growth. They have successfully competed effectively in the region and other markets by their specialty work capabilities; it’s very wide range of project abilities, and its customer responsiveness. Management indicates this company is the "go to" resource for local industrial sites and manufacturers who are in need of a quick turnaround, custom or replacement part for their production apparatus.

Expansion Potential:

The AIA expects spending for the commercial and industrial sector to rise more than 10% in 2013, while the institutional sector will only grow 3%. The strongest growth in the commercial and industrial sector is anticipated to come from lodging, retail, and office building projects. US construction spending, a key demand indicator for architectural and structural metals, increased 9% in the first half of 2012 compared to the same period in 2011. Residential spending rose 6.9%, while nonresidential spending grew 10%. Steel framing is more common in nonresidential construction sectors, and in the first half of 2012 certain nonresidential sectors that are important to architectural and structural metals manufacturers saw improved spending. The power and manufacturing sectors each saw spending increase by more than 35%. Spending for lodging projects rose 23%, and the commercial sector saw spending grow more than 12%. We anticipate a growth of rate of 10% for this business in 2014.

Employees:

15

Support & Training:

Management will remain through transition period in order to ensure a seamless transfer of ownership.

Reason For Selling:

Retirement