Vortex Steel in Reno is For Sale!

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Eugene: 541-251-7700
Fresno: (800) 622-0192
Irvine: (714) 987-6147
Los Angeles: (714) 987-6147
Monterey: (831) 372-5888
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Santa Rosa: (707) 327-2700
Seattle: 425-957-6180
Stockton: (800) 622-0192

Category:
NV2654 - Metal

Location:
Nevada - Reno

Vortex Steel in Reno is For Sale!

Business Description:

This is a rare opportunity to acquire one of the largest steel fabricators in the Northern Nevada region. Vortex Steel has set the standard in the area for professionalism and quality for over 33 years. They offer complete packages – from planning to engineering – for commercial, industrial, educational, and medical facilities, as well as high-end residential projects. They have an outstanding reputation for completing projects on time and within budget. This is a turnkey operation with six employees, where the owner only works three hours a day, five days a week (high level tasks and oversight). The facilities are well maintained, and approximately $700K of state-of-the-art equipment is included in the sale. One of the greatest benefits of owning this business is the relationship they have built with nearly every general contractor in the area. From projects connected to downtown revitalization, university expansion, or the huge influx of commercial and industrial business to the region, general contractors continually trust this company for any job. A motivated new owner could easily capitalize on growth opportunities and expand the company rapidly, or simply step in and immediately enjoy continued profitability. In fact, there is $1,600,000 under contract at this time. Locally, the Reno, Sparks, and Carson City area has a small town feel with a big city attitude. The city offers excellent shopping and dining options, robust nightlife offerings, high-performance schools, including a Tier 1 University with over 25,000 students—and is just a half hour from beautiful Lake Tahoe. From a business perspective, Northern Nevada is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. With no personal, corporate, franchise, estate, inheritance, or inventory tax, it’s no wonder that Nevada ranks #3 Most Business-Friendly Tax Climate. More than 100 new companies have relocated here over the past three years. Tesla, Switch, Apple, Panasonic, and Rackspace are among the many businesses choosing to call the Reno-Tahoe area home and are expected to add more than 50,000 new jobs to the region in the next five years. Reno was recently ranked 1 of 3 Alternative Tech Startup Cities, and some predict Northern Nevada to become the next Silicon Valley.


Asking Price: $1,100,000


Real Property Available:
No

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Recast Earnings (Not Verified by Business Team)

Financial Data Not Available

Operations

# of Employees Full Time Part Time
Non-Owners 0 0
Owners 0 0

Hours of Operation

Licenses Required:

Lease

Monthly Rent Including NNN:
$0

Expires:

Option:
No

Size(sq.ft.):
0

Miscellaneous

Type of Organization:
-

Reason for Sale:
Retirement

Training:
0 weeks hours

Contact us About this Listing

Your Name
*Your E-Mail Address (Required)
Your Telephone
Business Team Office Nearest You

Call Us:

Eugene: 541-251-7700
Fresno: (800) 622-0192
Irvine: (714) 987-6147
Los Angeles: (714) 987-6147
Monterey: (831) 372-5888
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Santa Rosa: (707) 327-2700
Seattle: 425-957-6180
Stockton: (800) 622-0192

Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.