This specialty piping company for sale has been operating for thirty-six years.
Overview of this business for sale
It specializes in designing, fabricating, installing, and servicing industrial piping systems. The client base includes the food and beverage, chemical, petroleum, plastics, packaging, textile, pulp and paper, automotive, steel, and pharmaceutical industries based in the Midwest. During all the years of the company’s existence, they got a huge experience and built a strong reputation for reliability and quality. In fact, they created an enviable client retention rate, and some relationships are lasting for twenty – twenty-five years. With the company’s current customer base, competent and skilled staff, and ample room for future growth and expansion, this business provides excellent opportunities.
Information about the property
Premises Details: The location of the specialty piping company for sale hasn’t been changed since it was established in 1998. The property is included in the asking price. The premises are in the ownership of a separate limited liability company which in turn is owned jointly by Company owners. They consist of an office, shop, and garage complex situated on 7,529 sq. ft. and a detached former home that covers 910 sq. ft and can be used as a support office. The main building was constructed in 1965 and renovated in 34 years, while the detached structure was built in 1950. The buildings are on a 0.355-acres, or 15,466-square-foot, site which is zoned for Manufacturing General use. The company is situated close to major interstates, and in 2018 the land and buildings value was estimated at $400,000. The total territory is 8,439 sq. ft.
Potential: The company is well-located which allows it to minimize any road costs and increase competitive pricing. From October 1, 2019, through August 10, 2020, 41 separate customers were billed. No large customers were lost or added in the last eighteen months.
Additional information
- Now about to retire, the current owner is looking for the right people who are willing to take on the wonderful opportunities afforded by this manufacturing business!
- The specialty piping company for sale employs forty employees on a full-time schedule and one on part-time.
- To ensure a smooth transition, the current owner is ready to provide support and training.
- Also, there is the possibility of the owner`s financing. More details about it on request.
- Financing: Seller note or earn-out/retained equity available depending on the buyer experience.
