Florida Steel & Pipe Distributors
PRICE: $ 149,000
REVENUE: $ 546,440
CASH FLOW: $ 70,900
EBITDA: $ 20,900
Note that land is available and commission on the land is 6%. The special established in 1978. The family took over the building in the 1980s. They have about a 50 x 100 square-foot building property.
Sales were down in 2020 related to Covid and business is back strong.
The owner works in the business.
They have a wide range of product lines including sheets and plates, angles, channels, pipes up to 48 inches in diameter, and aluminum type of products.
They have multiple suppliers. As an example, they have three different companies that they get their steel products from including Tampa steel.
Buyers are predominantly other small businesses such as fabricators, people making things like gas grills, insulation, no plumbers, small manufacturers, etc. They have some individuals buying stuff such as tubing for creating wall bars for race cars.
Land available. Business is located just a short distance from some major interstates and highways, allowing for excellent access to and getting from this location. The facilities were first built in 1941. The property is functional and fully equipped. Everything you need is here at this location. Additionally, the company is poised for growth in the hands of an innovative new operator.
The company has a website but there is probably a large amount of room for growth with this business. The owner has been running the industry for many decades and has plenty of energy to take care of the customers but has not spent much energy over the last few decades trying to generate new business. With all the construction and growth in the Tampa Bay market, it seems like one would have a lot of room and opportunity to take this company to a whole new fresh level. While there are other people that provide the type of service in the market area, it is not highly inundated with competitors. That means there’s lots of opportunity for you as well.
Ready to retire. Will provide full training.