HERMAN CEA
Corona, CA (USA)
Role(s):
Other
Family steel corporation
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Startup
Location:
Corona
Industry:
Other
Year Founded:
2011
Number Employees:
10-50 people
Business Stage:
Growth (not profitable)
Entity Type:
"S" Corporation
Description:
We are mostly a steel fabrication and distribution center of steel tubing, solids angles, plates and much more. We also build custom doors,stair cases, security doors, gates and fences. We provide fencing to large nationanally know companies and manufacture some of their products. We can sell over ten thousand products from ornamental supplies to construction beams. Sales can average about 250k right now now with about 35% profit margins from steel mills in the US, but that can increase to 45% to 75% from imports with capital. The market here in southern CA has fully opened up with much commercial and public works. We are currently having to decline potential sales of $40-50k daily because we lack the liquidity this market needs to meet the demand from customers who are accustomed to credit.
With $500,000+ in investment capital we can sell $500,000 worth of steel monthly. The more capital the faster our growth can be. We are currently carrying about 100,000.00 in accounts receivables and are looking for investment capital to continue our growth.