Highlights – Business
Industry: Steel manufacturing & distribution.
EBITDA: 5-year average ˜ $60K/year (2019–2023).
Valuation: ˜ $250K at 4× EBITDA (excludes equipment & goodwill).
Staffing: 5 employees + owner (owner to remain 1–2 years post-sale).
Growth Potential: Increase production, expand customer base, leverage existing vendor & client relationships.
Equipment (Depreciated Market Value ˜ $425,000)
Yoder Uncoiler & Coil Car – $50,000
Yoder 54” Slitter – $50,000Yoder 54” Recoiler – $60,000
Niles Overhead Crane (40,000#) – $50,000
Niles Overhead Crane (30,000#) – $45,000
Yale Forklift (20,000#) – $100,000
Signode Banding Station – $60,000
Bushman Upender – $10,000
(New replacement cost significantly higher — e.g., new 20,000# forklift = $435K in 2025)
Real Estate Portfolio (Combined Value ˜ $2.39M)
147–161 W Glenwood Ave – Main Warehouse
12,000 SF industrial building, 30’ clear, multiple docks & drive-in.
Market rent ˜ $7.50/SF NNN ? NOI ˜ $90K/year.
Cap rate @ ask: ~7.5%.
Offered at $1,200,000.
Package Purchase Advantages
Combined NOI (warehouse + yard): ˜ $153K/year ? ~8.1% cap on income assets.
Strategic Control: Main facility + adjacent land for operations, expansion, or redevelopment.
Owner Leaseback: Seller willing to lease warehouse for 1–2 years at market rate.
Upside: Formalize yard lease, redevelop lots, grow business EBITDA.
Package Price: Warehouse $1,150,000 + Rear Lot $250,000 + Lots $500,000 = $1,900,00