Description
SOLD ‘Q3 2023
Niche Structure Manufacturing, Service, and Installation Company
New England (CONFIDENTIAL)
Seller Financing Available if the price and deal structure is right
Asking Price: Best Possible Offer
Cash Flow: $1,055,000
Gross Revenue: $4,100,000
EBITDA: 910,000
FF&E: $200,000 (net of depreciation)
Inventory: Negotiable
Established: 1990
Employees: 18
Business Description
The company designs, manufactures, and installs a necessary but niche structure for commercial clients all over New England. The company also repairs and services existing structures that either they or others previously installed. Their reputation for quality is unsurpassed in the regional market and they have experienced 30% year-over-year growth for several years, with strong growth expected to continue.
The company’s focus is to add value to all its stakeholders with the belief that taking care of clients and employees will result in profits. The company has maintained this value throughout the new owners’ tenure and the results have proven this value proposition to be true. The company is poised to crest $5M in revenue with projected 26% ($1.3M+) net margins in 2023.
The company has a loyal and experienced workforce of 18 FT/PT employees and the current owners are willing to help with a successful transition for a negotiable amount of time.
NDA required {SUBMIT BELOW} to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities: One located (leased). All equipment and labor is in place to support projected growth.
Competition: The company faces limited local and national brand competition. The company’s strongest asset in the competitive landscape is its reputation for high quality and strong customer service.
Growth & Expansion: The current ownership has facilitated tremendous growth since buying the business in 2016. Despite little to no formal business development, the company has grown
over 30% year-over-year for the past two years. The company anticipates 25% growth in 2023 and 20% annual growth for several years after that.
Financing:
TBD if structure and terms are acceptable.
Support & Training:
As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.
Reason for Selling:
Retirement and health concerns for one owner.