Listing ID : 430078
Listed On May 22, 2024 14
Listing Updated July 9, 2024
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. Three year average SDE of ~$680k.
They built 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
3500 Scotts Lane, Philadelphia, PA, USA
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