Update: Through June 2022, year-to-date revenue is over $2,000,0000 and cash flow is $568,800.
This metal cutting business for sale is a processor and warehouse for customer-owned flat-rolled steel covering a vast array of industries across 30 states and 5 countries. Given its proximity to Ford, Stellantis, and General Motors, the Company primarily services the automotive industry and its suppliers, as well as an array of other industries including construction. The Company’s core focus is slitting flat-rolled steel into specific dimensional widths and storing the same material on a per-pound cost basis.
The Company boasts a workforce of 22 highly motivated, tight-knit, and tenured employees. As a flat-rolled steel toll processor, employees are specially trained with the Company’s proprietary software. This system promotes complete shop floor synchronization allowing for increased efficiency and opportunity for automation. With an average tenure of just over seven years, the Company’s employees work as a cohesive unit in a fast-paced environment.
The Company was founded in the 1960s by the original partners and was later purchased by the current Owner. After a lengthy career in the Business, the current Owner wishes to sell the Company to pursue other non-industrial business ventures and slowly scale into retirement; however, the Owner is willing to remain with the Company for multiple years assuming favorable working conditions.
The Company operates out of a single facility. The facility is 64,036 square feet and is equipped with 3 slitters, 10 cranes (three 50-ton), and features 3 bays with 4 bay doors. The facility is well-maintained and was built in 1978 with shop additions in 1993 and 1996.
Number of Employees: 22
Year Established: 1961
Facility: The Company operates out of a single facility. The facility is 64,036 square feet and is equipped with 3 slitting machines, 10 cranes (3-50 ton), and features 3 bays with 4 bay doors. The facility is in a well-maintained condition and was built in 1978 with shop additions in 1993 and 1996.
Support/Training: Ownership is willing to provide reasonable and customary transition assistance and is committed to supporting the continued growth of the Company throughout a transition period.
Reasons for Selling: Ownership would like to pursue other family business opportunities and start to scale back into retirement.
(1) Strategic Location
(2) Capital Investment Savings
(3) Highly Experienced and Loyal Employee Base
(4) Well-Maintained Equipment and Facility
(5) Exceptional Quality Management
(1) Invest in Automation
(2) Expand Freight and Storage Options
(3) Increase Capacity
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