Business Summary:
This is a well established Seattle manufacturing and wholesale company that was founded in 1951 and has been in the same location since 1955. The business is centrally located in the heart of the Lake Union area with easy access to the North and the South. The business specializes in manufacturing sheet metal products for the HVAC industry, builders, contractors, suppliers, and the public. The business has about a 25% market share and very little competition with the builders and contractors due to its longevity, superior service and reputation, and ability to be flexible on both small and large orders. This business could easily be expanded in both the product line and the customer base. The business could expand into flashing and gutters for the roofing industry, venting products for stoves, dryers, and fans, and into decor liners for planters. The business could focus more on the builders and contractors and their suppliers who do not have in-house fabrication very often anymore. Visit the website at www.centralfabinc.com. The business has a 10,000 sq ft location which has a fabrication division, sheet metal division, and retail division. The owner is absentee and has many other business interests he has to manage. The Seller is offering easy Seller terms with $75,000 down - 3 to 5 year term at 6% interest. This is a very profitable business for an owner operator. Priced to sell ASAP - don\\\'t hesitate and lose this terrific business.
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| Year
Business was Established: 1951 |
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| Number of Employees:
2 FT |
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| Facilities / Terms of Lease:
The business occupies 10,000 sq ft with separate areas for the sheet metal fabrication, manufacturing, and retail divisions. The monthly rent is $7,216. The business has occupied the same building since 1955 and has been on a month to month rental for many years - the Landlord may consider a long term lease for the right party. |
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| Potential
Growth/Expansion:
This business could easily be expanded in both the product line and the customer base. The business could expand into flashing and gutters for the roofing industry, venting products for stoves, dryers, and fans, and into decor liners for planters. The business could focus more on the builders and contractors and their suppliers who do not have in-house fabrication very often anymore. |
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| Competition:
The business has been established since 1951 and has about a 25% market share in the Seattle area. There is very little competition with the builder and the contractors due to the longevity of the business, the quality of the service and the outstanding reputation it has, and the flexibility of the company to meet the needs of its customers on big and small orders. |
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| Owner
willing to finance:
Cash, Bank Financing or Seller terms with $75,000 down - 3 to 5 year terms and 6% interest |
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| Owner
willing to train:
The Seller will have his on site manager give two weeks of in store training on the day to day operation of the business, operation of the equipment, and introduction to vendors and suppliers. |
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| Reason for selling:
The Seller is absentee and has many other business interests to run |
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Seller Reference Number: hfngFabricators
BusinessMart.com Listing Number: 69506 |
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