Managed metal-fabrication company serving industrial markets

BizGeno summary

A specialized, reportedly fully managed fabrication company serving hydropower, renewable energy, marine, paper, municipal, contractor, and wood-processing customers. Its equipment and market relationships may create barriers to entry, but the asking multiple and separate real estate make backlog quality, customer concentration, machinery condition, and management independence decisive.

What stands out

• The source reports $2.29 million in revenue and $404,730 in seller's discretionary earnings.
• The listing describes diversified end markets and a management structure intended to reduce owner dependence.
• Real estate is shown separately at $850,000, increasing the potential all-in acquisition cost.

Questions worth asking

1. How concentrated are revenue, gross profit, and backlog among the top ten customers and end markets?
2. Which managers and skilled employees are essential, and what retention arrangements would be needed?
3. What are the age, utilization, maintenance history, liens, and near-term capital needs of the fabrication equipment?
4. How much revenue is contracted backlog versus quoted or repeat work, and what are the cancellation terms?