Specialty Sheet Metal Contractor with Nationwide Clientele
Specialty Trades ยท MI
About This Business
A well-established Midwest-based sheet metal installation company focuses on a niche market for new and renovated buildings, including apartments, condominiums, and hotels. With over 50 years of industry experience, this business boasts a stellar reputation for exceptional customer service, competitive pricing, and a robust referral network. The company serves general contractors in apartment, condominium, and hotel construction across Michigan, Ohio, and Indiana, with additional work in Kentucky, Tennessee, and Colorado.
The company has seen significant growth in recent years, doubling in size due to its strong market position and reliable service. The business employs a dedicated team consisting of project manager, administrative assistants and installers. The owner is actively involved, primarily focusing on project proposals, contact review and working closely with suppliers.
This business is ideal for a business savvy, detail oriented individual investor or an established company looking to expand its market share in a specialized sector with a solid foundation, strong supplier relationships, and numerous growth opportunities.
Facility
The business operates from a 650-square-foot office space with an additional leased storage unit for inventory. The office is centrally located to serve its primary geographic markets effectively. Monthly rent for the office space is $1,178.
Market Outlook
Competition:
There are a few competitors in the Midwest, but this company stands out due to its long-standing reputation, high-quality service, and extensive experience. The business has established itself as a dominant player, especially known for its strong relationships with general contractors and repeat clients. Additionally, the company has a strong relationship with its primary supplier, ensuring timely and reliable support.
Growth & Expansion
Main source of revenue is currently from recurring clients. Areas of growth include enhancing the company's website and SEO to attract new customers, proactively seeking new geographic areas and market segments to expand the customer base and increasing participation in bidding platforms to access a wider range of projects. The seller would be happy to discuss further opportunities for revenue growth.
About the Sale
Support/Training: The owner is committed to the business's success and will provide comprehensive training to ensure a smooth transition.
Purchase Terms: The business is SBA pre-approved; some seller financing may be available for a qualified buyer.
Reason for Selling: Retirement.
Highlights
- Established in 1969 with over 50 years of experience
- Serving general contractors in multiple Midwest states
- Significant growth, doubling in size recently
- Strong supplier and client relationships
- SBA pre-approved with possible seller financing
- Owner committed to training and smooth transition