This structural steel fabricator has been established for over 50 years and has been in the same family. They are based in south Florida and cater to all of the state as there are so many constructions related projects continuously going on in booming Florida.
Sales were $19 Million in 2022, $13M in 2021 and $12M in 2020. Income from operations in 2022 were $3.4 Million and averaged $2M the previous two years. The owner is in his 50's and would consider retaining a minority interest in the company and participate in management. He is looking to take some chips off the table as much of his net worth is tied up in the company.
There is no formal asking price, but it is understood the value will exceed $10 Million and could be $15M or more as adjusted earnings last year were almost $4M. The Seller owns the real estate personally and is open minded to selling it or leasing the property.
There is a very well-trained staff as the owner typically works in the mornings and takes some time off some afternoons to be with family. For additional information, contact Bill Law the listing broker at 704-904-6624 or email bill@sunbeltbrokers.biz Principals Only and No Buyer Reps, No Exceptions.
