This company was founded by the owner about 40 years ago and he is looking to retire. They have a facility with tall ceilings and over-head cranes in excess of 100,000 total SF, but some of their work is done on site in various customer sites for manufacturing/industrial settings. As a result, there are numerous commercial vehicles included in the asset list.
Some work includes tanks, vessels, hoppers, conveyors, duct-work, electrical, epoxy flooring, exhaust stacks, fan housings, lighting upgrades, maintenance, material handling, ovens, piping and plant re-location.
Customers include all types of Industrial and Commercial applications. There are 30 employees total. This is a "C" Corporation so the structure of the sale needs to be tax friendly.
The owner owns the real estate personally and has a strong preference to sell the business and real estate together. There is no formal asking price but the Seller believes the real estate is in the $2M to $2.5M range while the business is likely in the $1M to $2M range. There is approximately $500k in adjusted earnings annually, but this does include rent paid to the owner.