Stainless Steel Fabrication Company
Off-MarketRutherfordton, NC
Stainless Steel Fabrication Company
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$1,200,000
$400,000
33.3%
1985
30+ Days
Customers
The company works directly with major food chains including Applebee's, Bojangles, Wendy's, and more. 80-90% of work is stainless fabricating, with some aluminum and steel fabrication also performed.
Customer Acquisition
Reputation and word of mouth.
Team
A team of 10–12 employees. The company partners with a local college through a state-approved apprenticeship program and can hire apprentices with the state covering half of their salary.
Owner's Role
The owner assists with estimating and finances but is not actively involved in everyday operations. His wife handles payroll, and both still oversee the company's finances. Their daughter is currently running the business and may be open to staying on with a new buyer.
Reason for Selling
The owner is turning 65 and approaching retirement age.
Contracts
No
Real Estate
Located on a 75-acre farm with three buildings on the property. The owner would be open to selling the farm along with the business, but most likely a new buyer would need to move the equipment and business operations to a new location. The company owns significant fabricating equipment, including a Mitsubishi DX612 water jet machine (worth approximately half a million dollars new), two press brakes, shears, forklifts, and other specialized tools.
When Are You Looking to Sell
ASAP
Licenses Required
None required.
Additional Notes
Service territory is primarily the Southeast, with occasional Midwest work, including recent projects in West Virginia.
Business ID: 1838
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