Description
The company performs millwright, structural fabrication and pipe welding services. It fabricates/installs hoppers, non-pressurized storage tanks, process piping, etc. primarily for manufacturing operations. It has an excellent reputation, has never had a lost-time accident, and does not advertise or undertake business development activities (virtually all work comes from either repeat business customers or by referral from other customers). Company has a consistent record of on-time and on-budget delivery of services. One key customer (food & beverage industry) is expected generate nearly $1/2 million in revenue through the end of 2024 by undertaking a similar project in another state that generated a similar amount of revenue in 2022 (the project was supposed to be performed in 2023 but was delayed). The company generally operates in the Carolinas and Virginia, but has also performed services further north (Maryland & Pennsylvania) and west (Tennessee and now possibly Ohio).
Listing Details
- Listing Number: 13485-484256
- Location: Withdrawn, North Carolina
- Price: 385,000.00
- Down Payment: 385,000.00
- Sellers Discretionary Earnings: 299,090.00
- Category: Construction
- Inventory: 1,000.00
- FF&E: 250,000.00
- Employees: 8
- Years Owned: 8
- Reason for Selling: Retirement
Business Listed By:
- John Chaffee
- Phone: (252) 933-9455
- Email: jchaffee@tworld.com