Custom Metal Fabrication & Installation

Primary Category: Metal Fabrication

Asking: $7.5M
Down Payment: $2M

Gross: $6.3M
Annual Adjusted Net : $2.2M

SUMMARY DESCRIPTION

Smb, Inc. Provides Its Corporate Clients Both Standardized And Customized Metal Products For Large Residential Community Projects In Southern California. Typical Orders Include Metal Roofing Products, Ductwork And Ventilation Systems. Smb Is Known Within Their Industry As A Full Package Supplier From Design, Manufacturing, Delivery And Installation. Smb Is Divided Into Two Major Divisions: Manufacturing, Which Consists Of Approximately 15 Factory Staff. The Second Includes Approximately 40-Field Crew Whom Are Responsible For Working With The Site Contractor To Ensure Timely Delivery And Installation Of Their Product. In The Field, There Are Multiple Field Crews Divided Into Teams Each Managed By A Foreman. The Company’s Daily Management Is Headed By 6 Key Employees Responsible For Oversight Of The Manufacturing Plant And Field Workers. Administrative Support Included An Office Manager. The Majority Shareholder’s Role In The Business Is Divided Between Bid Reviews, Contract Negotiations And General Company Oversight.

Smb’s Revenue Base Is Quality And Price Centered With Little Emphasis On Marketing Efforts To Drive New Sales In Their Current Space And In New Sectors Such As Commercial, Government And Private Projects. In Fact, The Company Is Very Selective On New Projects And Will Typically Turn Down 25% Of New Bid Opportunities From Existing And Potential Clients.

Ssc Is Being Offered As An Asset Sale And Includes The Management Team In Place, Working Capital (Including Work-In-Progress And Accounts Receivable Of 1.2M), Backlog And Current Equipment List. The Shareholder Of SMB Is Open To An Extended Transitional Period Until A Suitable Replacement Is Found. Their Exit Time Could Extend Past One Year Based On The Overall Structure Of The Transaction.

DISCLAIMER:  Information has been provided by the Seller(s).  Broker has not verified this information and makes no representation as to its accuracy.  Prospective Buyer(s) should rely upon their own verification and that of their financial and legal advisors of this information.

Contact Information
Contact: Robert Fahrenhorst
Phone: 714-255-8862
Email: Robert@plethorabusinesses.com