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Construction - Building |Construction - Special Trades |

Steel Manufacturing Company Established for 40 years.

This northern Nevada Steel Company has the distinct advantage of having been formed over 40 years ago. They have the experience and the reputation to handle all aspects of steel manufacturing and erection. Their shop has the capacity of handling 100 tons at any given time. The company holds all the necessary licenses in Nevada and California. This is an excellent opportunity for a buyer to step into a proven business in a strong economy. From a regional perspective, the Northern Nevada area comprised of Reno, Sparks, Carson City and Lake Tahoe is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. This high desert region nestled at the base of the Sierra Nevada mountain range is consistently ranked as one of the top places in America to live and do business because of it s diversified economy, desirable climate, and quality of life. In quality of life studies, Men's Journal Magazine ranked Reno eighth among America's "50 Best Places To Live" and Cities Ranked and Rated Magazine named Reno ninth out of 331 cities among the best places to live. From a business perspective, Forbes Magazine ranks Reno 25th out of 150 cities for doing business. The Forbes/Milken Institute ranks Reno 26th out of 200 cities in their study "Best Performing Cities: Where America's Jobs Are Being Created". As a State, Nevada is also highly regarded. For example, Nevada was recently voted the best small business state in the country by the Washington-based Small Business Survival Committee. Secondly, The Center for Women's Business Research ranked Nevada third in the nation for growth in Women-owned firms.

Facilities: Property consists of 3 buildings (an office, a shop and a storage facility) totalling 12,000 sq ft on 3 acres (approx.) in a prime location with great visibility and plenty of parking. The buildings are all in good condition and repair.

Competition: There are a few other companies in the area, but none can match the seller's fantatic reputation throughout Nevada and parts of California. With the strong economy in northern Nevada, the demand for schools, shopping centers, office buildings, hotels, casinos, etc..., the long term forecast for this company is very strong. This company has grossed over $16 mil plus in the past.

Growth/Expansion: This business has relied solely on referrals and word-of-mouth for their leads. An aggresive marketing program would certainly help generate business. Like many related businesses, the strength of the local economy really helps drive their business. The northern Nevada business climate is one of the strongest in the country. With their excellent reputation, as the local market strenghtens, they're poised to capitalize on it.

Financing: All Cash or terms acceptable to seller.

Support/Training: Seller will stay 30 days or as needed for a smooth transition.

Reason Selling: Retirement after 40 years in his own business.


Business specs

$5,000,000

Gross Income:5961661.00
Cash Flow:1384239.00
FF&E:400000.00
Asking Price:5000000.00
Inventory:20000.00
Year Established:1968
Real Estate:1400000.00
Employees:30
Listed by:The Liberty Group of Nevada
City:Reno
Country:Washoe Country
State:Nevada

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