52 y-o Family Owned Rebar Fabrication Company

Family Owned Rebar Fabrication

California, CA

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Overview

Year Established
1971
Employees
26 full time
Inventory
$250,000 (Not included in asking price)
Property
Freehold
Value of Real Estate
$6,000,000 (Not included in asking price)
Area
17000 sq.ft.

Business

Description

Founded in 1971 this industry known and respected Rebar Fabrication Contractor and its union affiliated workforces have provided services on Public Works Contracts for over 50 years. With an extensive list of trucks and equipment, rebar inventory and 13,000 sq feet of covered warehouse space, machinery and assembly space, this is ready to go on day one. Significant A/R, Retention and $2M in current backlog. Current Employees have C50 License for ease in SBA loan approval process. Owner is open to sale or lease of property and building. 11229

Sale

Reason for Selling

The owner took over the business from his father in the 1980's, he has expanded

Training/Support

The owner will provide 2 weeks, 20 hours per week for training as part of the sale. Owner is willing to sign a longer part time consulting agreement to aid in the transition. There are a number of current employees that will stay on and provide valuable knowledge of current business operations

Premises

Facilities

The facilities consist of 2 open warehouse areas of about 13,000 sqft that house the rebar fabrication machines with area for cage production. The property has 4 cranes for moving materials, loading and unloading trucks. Additionally there is approximately 4000 sqft of office space. The lot is fully fenced and gate controlled 1.82ac with nearly 100% of the lot poured/supported cement. The uncovered areas are available for movement of inventory management, forklifts, trucks, trailers and general parking. Property can be leased or acquired for $6M.
Rent $18,000, square feet 17,000, Current lease is month to month, a new lease is available

Location

California, CA

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Ad Id: nu1413 | 11229