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Thursday, April 24, 2014

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Steel Service Center

This steel service center in north central West Virginia has excellent profitability and is debt-free. The business started in 1928 as a scrap and salvage yard selling new steel products on the side. Since the early 1980’s it has changed its focus entirely to wholesale steel products distribution, with a service area including most of at least an 80 -mile radius. The business has remained in the same family throughout the years and has deep ties to the community. The family’s management corporation oversees the steel service center and helps keep operating costs low. The business has a great reputation and is known for quick order turnaround - products are delivered the same or following day they are ordered. The business has unprecedented customer loyalty, due to its strong service, quality products and competitive pricing.

The business operates from 9 buildings on 10 acres off of a low-traffic street. The buildings are less than a mile from a major interstate. The owners are willing to sell or lease the property. The business is in a city with a population around 20,000 and county around 57,000. The area has seen new job creation and growth recently particularly in the high technology field. The city has some of the lowest property and business taxes in the state. The area has strong education, a rich history and numerous recreational opportunities, such as hiking and whitewater rafting.

One of the owners is willing to stay on after the business sale long enough to facilitate a smooth transition.

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