Located in the Booming Alberta, Canada, this long established structural steel manufacturer has two sections:



1) The Fabrication of structural steel.



In this section, we manufacture a variety of structural steel projects, mainly Overhead Cranes, Jib Crane for our existing and new clients. These companies are in different sectors of industries (Oil and Gas, Warehouses, machine shops, different manufacturing companies with large facilities, etc…)

We have more than 200 existing clients, which is growing every day.



2) The Electrical Maintenance Service and repair operation.



In this section, we have mainly two operations:



a) Inspections: in this annual operation, we inspect all different kind of cranes, for existing and new companies. There are more than 400 Cranes from our existing clients to be inspected every year.



b) Repair and Maintenance: in this operation which directly relates to yearly inspections, we get some repairs coming from inspections and some repairs or service call, coming from existing and new companies.



The business enjoys high profitability in the industry’s peak times. The company’s team of experienced journeymen are Certified Electrician and Welders and steel fabricators or registered apprentices working towards the certification, which represents the standard for excellence in Canada. Furthermore, in addition to steel fabricating, the business offers shop job repairs in its fully equipped shop. This long established all season business is almost always invited to bid on any applicable work conducted in the region. There are significant growth opportunities available if the new owner pursued other relevant industry sectors. It is a turnkey operation with all the hard assets included in the purchase price. With the current owner semi retired and moving out from the City, this steel fabrication business offers a fantastic opportunity for a new owner and is ready to be taken to the next level. The cash flow of the business can be over $300,000 per year. The business value including all fixed assets and goodwill is $875,000.



There is a management team in place that has agreed to stay on after the sale. This is a great business opportunity for serious buyers…request more information today!



Premises details:

This leased facility is located on a city street and in the Industrial section of the city. The business can be relocated.



Expansion potential:

Growth and expansion can be obtained through getting sales rep. advertise, marketing, and by getting involved with contractors and developers. Growth could also be obtained through forming alliances with other steel detailing companies internationally and throughout Canada, and there are also many opportunities for diversification.

Competition / Market:

There is some competition in this area.

Reasons for selling:

Semi-Retirement and Moving from the city

Employees: 5


Property information

Size in square feet: about 4000 SqFt
Premises details: This leased facility is located on a city street and in the Industrial section of the city. The business can be relocated.
Real Estate: Lease

Business Operation

Employees: 5
Reasons for selling: Moving and semi retiring
Competition / Market: There is some competition in the city
Expansion potential: Growth and expansion can be obtained through getting sales rep. advertise, marketing, and by getting involved with contractors and developers. Growth could also be obtained through forming alliances with other steel detailing companies internationally and throughout Canada, and there are also many opportunities for diversification.

Other information

Relocatable: This business can be relocated.
Business closed / Asset sale: Yes
Owner financing: Owner financing is available. Please contact the seller for more information.
Price:
$875,000
Cash flow:
$100,000 - $250,000
Revenue:
$1,000,000 - $5,000,000
Seller financial available: Yes
Work from home: N/A
Franchise: No
Employees: 5
Date: Mon 09 Jul 2012

Listing Expired!

Category: Engineering
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