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Greetings everyone!
I am asking for donations to use as a down payment to pursue a
new business endeavor. I am looking to purchase a thriving fabrication
business in North Central Minnesota. The current owner is looking to
retire to farming, so I would like to take over his operation and
carry on the growth and success he has seen since 1998. I envision
growing the 4-employee company into a world class manufacturer of
metal products.
Currently I operate a 1-man fabrication business, Ryno All
Terrain Products LLC. I build off road truck accessories (bumpers,
skid plates, custom suspension equipment, etc) , vehicle restorations,
and whatever else the locals bring in my door. I also offer freelance
cad drafting services. I can draft in Autocad, Inventor, and
Solidworks. It has been a dream of mine to open a metal fabrication
business, and now I'm knee deep in it all. I have been in business for
a little over a year now, and just recently took it full time. I enjoy
getting up every morning, putting on some clothes that are forever
stained, and working until the order is done no matter how long it
takes. Running a business is a ton of work, but I am motivated to
prosper for years to come.
The business I am looking to purchase is Pierz Fab in Pierz, MN.
Total sales for this year will be in excess of $500,000, with an
annual cashflow of over $165,000. Included in the sale is all the
equipment, fixtures, and inventory currently in the 104'x48' building
on 0.75 acres, valued at a total of almost $300,000. Two full-time
skilled fabricators work there, as well as 2 part-time workers. Many
of the customers are repeat customers, and word of mouth brings in new
customers from time to time. Products manufactured are mainly for the
agricultural industry, but anything that needs fabricated can be
completed. There is no other direct competition within the area.
Asking price is $375,000, and the seller is going to finance.
I will also be searching for debt or equity investors to raise
the $95,000 needed to close on this business oportunity in April.
Contact me if you are interested in an investment opportunity! :)
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