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52 y/o Family Owned Rebar Fabrication Company

California, USA
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Businesses For Sale | Other Building & Construction Companies For Sale

Listing ID : 427099

Posted on January 19, 2024 View Count 7

Price :
$3,000,000
Business Financials & Assets :
Gross Revenue:
$7,684,032
Cash Flow:
$683,120
Year Established:
1971
Inventory Included:
Yes
Estimated Value of Inventory:
$250,000
Property Details :
Business Details :
Number of Employees:
25
Lease Expiration:
Month to Month
Building Size:
17,000 Sq. Ft.
Facility & Tenant Improvements:
The facilities consist of 2 open warehouse areas of about 13,000 sqft that house the rebar fabrication machines with area for cage production. The property has 4 cranes for moving materials, loading and unloading trucks. Additionally there is approximately 4000 sqft of office space. The lot is fully fenced and gate controlled 1.82ac with nearly 100% of the lot poured/supported cement. The uncovered areas are available for movement of inventory management, forklifts, trucks, trailers and general parking. Property can be leased or acquired for $6M.
Terms :
Support & Training Offered:
The owner will provide 2 weeks, 20 hours per week for training as part of the sale. Owner is willing to sign a longer part time consulting agreement to aid in the transition. There are a number of current employees that will stay on and provide valuable knowledge of current business operations.
Reason for Selling:
The owner took over the business from his father in the 1980's, he has expanded
Equipment Specifications :
Company Overview :
Franchise Overview :
Description :

Long standing, well run, reinforcing steel/rebar company looking for a new owner to take it to new heights. Current owner took over from his father in the 1980s and is ready to retire. They build a great company with a great reputation in the market which you can easily build upon.

This reinforcing steel company has completed a vast variety of different types of projects. 50+ years of experience has allowed the ability to complete Public School Facilities, Fire Stations, Box Culverts, Retaining Walls, Creek Channels, Tilt-ups, Miscellaneous Concrete Structures, Bridges, Masonry Buildings, Commercial Office Buildings, Structural Steel Buildings , Metal Buildings, Custom Homes, Colleges, Civic Centers, Police Facilities, Jails, Bart, Seismic Retrofits, Churches, Aquatic Centers, Amusement Parks, Pump Stations, Bowling Alleys, Shopping Centers, Wineries, Airports, and so on.

The company services the entire northern California market covering the SF Bay area east to Sacramento, south to Monterey a north to Redding and maintains a fleet of vehicles and trailers to manage all deliveries. The business maintains a fleet of trucks and trailers for control of the delivery process.

The company is registered as a California – C-Corp. To successfully operate the business a new owner will need a local business license, resale certificate and a California C-50 Structural Steel license. The current owner is the RMO however, there are numerous employees with licenses that can serve as an RME.

This is a union affiliated business. The non-union staff at the facility consist of management, operations, estimation, personnel and accounting. The yard staff uses workers from the Ironworkers Shop Union 855 which provides flexibility to the number of workers based on current work load. Additionally they also utilizes Ironworkers Union Local 377 and 378 work force for all field installation.  11229

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High Selling CBD / THC Store in Naples, Fl

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