Proprietary Metal Finishing Company
Executive Summary
This long established company has patented formulas and proprietary processes and equipment designs for a special type of metal finishing designed for advanced and critical to function components. The process also has a wide spectrum of uses and is specified for manufacturers in aerospace, food processing, automotive, plastics, foundry, glass, computer, medical and petrol-chemical industries. Customers are worldwide and well known, including NASA and the U.S. Government.
In business for over 60 years the Company is well known in the industry. Most business is on a repeat basis as there is no formal sales outreach program. Quality systems and work order procedures are state of the art, which will make for a smooth transition for the buyer. The coming recovery into the next economic cycle will be an exciting time for this company. The Company’s reputation for excellence, provide an opportunity for growth for the buyer that will gain a steady customer base from which to expand revenues and services.
This opportunity is expected to draw interest from both individual investors and strategic corporate buyers looking to expand products and services.
Financial Information
| 2008 | 2007 | 2006 | |
|---|---|---|---|
| Sales | $741,051 | $664,424 | $900,000 |
| EBITDAS | $334,412 | $191,907 | $324,139 |
This information is provided for discussion purposes only. No representation is made as to the accuracy of the information provided or any other information supplied. Broker encourages the Prospect to thoroughly review and independently verify to his own satisfaction, that the information provided is substantially representative of the business activity.
Deal Structure
All the furniture, fixtures and equipment used in the business except for certain personal items will be included in the sale free and clear of all liens.
Also included in the price will be net working capital of $122,390. Net working capital is defined as accounts receivable and inventory less accounts payable.
Accounts Receivable: $93,015
Inventory: $45,219
Accounts Payable: $15,844
Net Working Capital: $122,390
At the closing, should the net working capital figure differ from the above amount, there will be a corresponding adjustment in the purchase price. Cash in the bank is specifically excluded from this sale and will be retained by the seller.
Other Information
Building 13,368 Sq. Ft./Land 18,700 Sq. Ft.
Reason for Sale: Retirement
Training: The owner will assist the buyer during a customary transition.