Structural Steel Fabrication and Erection Company
Business Description
Description:
The business offering consists of a structural steel fabrication and erection company that specializes in commercial construction and restoration projects for structures up to four stories tall.
Key Aspects:
• From 2020 through 2023, the Company's revenue grew at a compound annual growth rate (CAGR) of 38.5%
• From 2020 through 2023, gross profit margins averaged 25.1%
• The Company has been operational since 2003
• Management notes that approximately 70% of 2023 revenue originated from repeat clients
• As of July 2024, the Company has 55 open contracts amounting to over $5 million, with an additional $1.2M in verbal commitments
Opportunities:
• Increase marketing efforts for steel embed plates to capitalize on the high margins this revenue stream provides
• Add qualified personnel to increase the capacity to handle additional clients
• Capitalize on the increased growth in the building and construction industry
• Expand into new regions across the US to service new geographies and clients
Headquartered:
• Southeast, US
Current Markets:
• The Company primarily serves clients within the construction management, steel fabrication, general contracting, commercial construction, and concrete industries throughout its local and regional market.
Real Estate:
• The Company operates from a 14,400 sq. ft. facility, which is 100% owned by the Company’s owners. The facility serves as an office space, fabrication shop, and storage facility. Management notes the facility will not be included in the sale and that the business is relocatable.
Shareholder Ownership:
• The Company is owned by a married couple (51%/49%) who are seeking retirement. Both owners are willing to remain with the Company for a predetermined period to facilitate a smooth transition of ownership.
The business offering consists of a structural steel fabrication and erection company that specializes in commercial construction and restoration projects for structures up to four stories tall.
Key Aspects:
• From 2020 through 2023, the Company's revenue grew at a compound annual growth rate (CAGR) of 38.5%
• From 2020 through 2023, gross profit margins averaged 25.1%
• The Company has been operational since 2003
• Management notes that approximately 70% of 2023 revenue originated from repeat clients
• As of July 2024, the Company has 55 open contracts amounting to over $5 million, with an additional $1.2M in verbal commitments
Opportunities:
• Increase marketing efforts for steel embed plates to capitalize on the high margins this revenue stream provides
• Add qualified personnel to increase the capacity to handle additional clients
• Capitalize on the increased growth in the building and construction industry
• Expand into new regions across the US to service new geographies and clients
Headquartered:
• Southeast, US
Current Markets:
• The Company primarily serves clients within the construction management, steel fabrication, general contracting, commercial construction, and concrete industries throughout its local and regional market.
Real Estate:
• The Company operates from a 14,400 sq. ft. facility, which is 100% owned by the Company’s owners. The facility serves as an office space, fabrication shop, and storage facility. Management notes the facility will not be included in the sale and that the business is relocatable.
Shareholder Ownership:
• The Company is owned by a married couple (51%/49%) who are seeking retirement. Both owners are willing to remain with the Company for a predetermined period to facilitate a smooth transition of ownership.
Listing Info
- ID
- 2276569
- Listing Views
- 639
Attached DocumentsAttachment Disclaimer
Teaser_v3_BN000040655_Structual_Steel_Fabrication_and_Erection_Company.pdf
Listing ID: 2276569 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.