Elite Industrial Process Piping Business
Business Number: #0112011801 ***Pre-Qualified for SBA 7a Loan***
Business Type: Ohio Based – Elite Industrial Process Piping Company
Years in Business: 32+
Key Strengths or Product Focus:
- Consistently profitable, high volume business with tremendous upside potential
- Established reputation includes strong, trusting relationships with customers in nine different industries (Strong, Long-term Customer Base)
- Well established list of repeat clientele – in nine different industries
- Financially stable, Turnkey operation
- Outstanding safety record and protocols in place (Extremely low EMR (Experience Modification Rating) safety rating of .47)
- In-house training program (includes after hours welding and pipefitting school)
Location/Facilities: One location, centrally located near major metropolitan area – Just minutes from several Interstate Highways.
7,160 Sq ft. Functional Work Space: 4,420 Sq ft. Industrial area + 1,829 Sq ft Office area + 910 Sq ft Storage
(Real Estate is available, but not included in the business sell price)
Hours of Operation: Monday-Friday 9:00am-5:00pm
Weekends & Holidays as needed
Sales/Revenues: Fiscal Year End September 30, 2018 Sales of $6,675,926
Average Annual Sales past four years $5,303,568
Fiscal Year End September 30, 2018 SDE of $1,380,024
Average Annual SDE past four years of $681,991
Type of Projects: High-End Custom Industrial Piping
Industries Served: Chemical, Automotive, Industrial Utilities, Textiles, Packaging/Paper, Brewing/Distilling, Food/Beverage, Plastics, Pharmaceutical (Several Fortune 500 Companies)
Area Served: Ohio, Kentucky & Indiana
Employees: Full-time: 40-45 Part-time: 0 Sub-Contractors: As needed
Experience Necessary: Management, Sales
Fixed Assets Value: $600,000+ Excludes Real Estate (RE not included in business sell price)
Inventory Value: $45,000 (Included in sell price)
Upside Potential: Deeper dive into current customer base via Business Development Manager (hired April 2018) Explore untapped customers in Chemical, Food & Beverage Plant Industries
Other Comments: Profitable “Turnkey” operation, with upside potential
Sellers Retiring (Estimator/Owner willing to work through transition if necessary
Family owned and operated since inception in 1985.
Reputation for quality products and service.
Selling Price: TBD (Real Estate available separate from business sell price)
Compelling Reason for selling: Owners are Retiring
Financing Available: Pre-Qualified for SBA 7a Loan Program
Note: Summary of Financial Data available when signed non-disclosure statement and financial source/statement is obtained by the broker agent.
Mike Lohbeck, CBI
MGL Business Solutions, LLC
Phone 513-200-0247
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