Hot Listing
Midwest Steel Distribution Company Listed for Asset Value!
Business Description
Are you currently in the steel distribution business? This Midwest Southern Illinois company sells carbon steel. Mostly pipe and tube. The business boast a large facility capable of exponentially more business flow. Decades of history and customer base. Fully staffed. Highway frontage and access. Extensive FF&E. The last three years sales average over $8,000,000 per year.
2024 sales were on the weaker end. Owner will not stay past training and transition. This opportunity is listed at asset value only for a quick sale. It is likely a best fit as an additional location for an existing steel operation.
While prices in steel have fluctuated in recent years, making it a complicated market, growth has been steady and is expected to continue to increase at 2.5% for the next 5 years. Regional distribution centers are of great value to similar companies wishing to expand their footprint.
2024 sales were on the weaker end. Owner will not stay past training and transition. This opportunity is listed at asset value only for a quick sale. It is likely a best fit as an additional location for an existing steel operation.
While prices in steel have fluctuated in recent years, making it a complicated market, growth has been steady and is expected to continue to increase at 2.5% for the next 5 years. Regional distribution centers are of great value to similar companies wishing to expand their footprint.
About the Business
- Facilities & Assets
- Includes extensive assets and should be considered an asset purchase.
Real Estate Includes a rectangle parcel of close to 20 acres. Direct visibility to a major US Interstate highway with heavy traffic. There are multiple warehouse/storage/production buildings plus office space totaling over 200,000 sq ft.
Includes a long list of storage racking, production equipment and fabrication equipment. While a lot of the equipment is used on a regular basis, a fair amount has not been used in sometime.
Property has rail spur but it has not been used in years - Market Outlook / Competition
- This company has not invested in technology and marketing and it has affected their growth over the last several years.
The industry in general, while experiencing fluctuations, has seen growth and is expected to continue growing. Infrastructure, manufacturing and construction are helping demand. Need for addition regional outlets is fueling consolidation. - Opportunities for Growth
- The facility has massive capacity with only a fraction of which is being utilized. More modern technology and business practices would immediately improve efficiency and aid in marketing. This would also help support the sales team. The location is very central to underserved areas creating even more opportunity.
Additional product lines and fabrication are large categories for growth as well.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 210,516
About the Sale
- Seller Motivation
- Personal challenges.
- Transition Support
- The seller will share their knowledge of the industry and in their operation. They will assist transition with both the staff and clients. Owner is not interested in continuing to operate the business but there is a full, quality staff in place.
Listing Info
- ID
- 2330684
- Listing Views
- 1387
Listing ID: 2330684 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleIllinois Businesses for SaleIllinois Wholesale & Distribution Businesses for SaleIllinois Wholesale & Distributors Businesses for Sale
