Erection of Premanufactured Steel Structures: Owner Will Carry 30%

This premanufactured steel structure installation business is passively owned and is managed by a strong General Manager. Established in 1960, this business has a diverse repeat client base which is comprised of farmers & ranchers, commercial building owners, schools, government, and the FAA. This large-scale assembler is recognized as a top performer in the assembly of metal frame structures, such as grain silos, pole barns, and buildings. The business is regularly recommended by its customers, and world-renowned vendor Behlen Manufacturing. The project types are as followed: Premanufactured Structures, Steel Buildings, Pole Barns, Grain Bins, Storage & Garages, and Airplane Hangars. The average project ranges from $40,000 - $500,000 and can be complete in less than 2 weeks. Located in South Central Nebraska, with very low overhead of only $1,500/mo., the General Manager runs all day-to-day operations. The owner only checks in twice per week! There are 8 full-time employees in the business including the GM, an Office Administrator and 6 in Field Labor. The business comes with over $2.4million in WIP and over $1.5million in their pipeline, in addition to $1.1million worth of assets. The seller is planning for retirement and has offered to stay with the business for one year as part of the transition period. Additionally, the seller has offered to carry 30% of the purchase price as a show of good faith in the continued success of the business post-close.