Listing Details:

• Business Category:     Manufacturing
• Price:                             $400,000
• Gross Revenue:           $355,230
• SDE:                              $123,082
  
• Seller Financing:          $40,000
• Reason for Selling:      Retirement  
• Location:                       MN
• Employees:                   1
• FF&E:                             $106,100
• Support & training:       4 weeks
• Non Compete:               100 Miles for 2 Years
• Years Owned:                13     
  
  
  

Business Description

This company designs, fabricates, and installs custom metal railings for both residential and commercial projects. The work ranges from a single stairway railing at someone's home to large-scale railing systems for high-rise buildings in downtown Minneapolis. The business also takes on general metal fabrication and repair work, including walk-in jobs at the shop. Average project size runs around $20,000, and pricing falls between $190 and $300 per linear foot depending on the complexity of the railing.

Business History

The business has been operating for over 10 years and is run by a father-and-son team. It started small and gained its first traction by attending home and garden shows in the area. Over time, the reputation grew through word of mouth and repeat work, and the operation has been steady ever since. The owners are now retiring and looking to pass it on to a new owner.

Competitive Analysis

There are several ornamental iron shops in the metro, but this business handles measurement, fabrication, and installation all in-house. Contractors get one point of contact from bid to final install. Because the same team that builds the railing also installs it, they can ensure proper fit and long-term durability on every project. The shop is also equipped with specialized bending and rolling machines that allow for complex custom work, and the owners weld in TIG and MIG. Most of the work comes from repeat contractors.

Growth Potential

The owners believe a 3 to 4 person team could roughly double the current workload. Right now, capacity is limited to what two people can produce. Hiring a fabricator and an office person would free up time and allow the business to take on more projects at once. The business has done very little formal marketing, so there is room to grow through trade shows, digital marketing, or outreach to engineering firms. A new owner could also choose to do fabrication only and skip the installation side of things if they preferred.

Facilities

The business operates out of a leased building that totals about 3,500 square feet, with roughly 2,500 square feet used as the shop. The shop has tall ceilings and a large bay door that can fit a semi-tractor. The lease was recently renewed and runs through approximately June 2027.

Number of Employees

• Managers: 0
• Full Time: 0
• Part Time: 0
  
• Total: 0

Owner Weekly Hours

40