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| Company Type: |
Metal Distributor |
| Number of employees: |
10 |
| Established: |
1988 |
| Client: |
MP92407BF |
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Summary Description:
The Company was formed in 1988 and was incorporated in 1997. The Founder, determined to provide outstanding quality, service and competitive prices, he saw the need for a local company that was responsive to the needs of aerospace and engineering firms. For over twenty-one years, the Company continues to maintain their outstanding reputation and provides its customers excellent customer service.
As a premier metals distributor, the Company tactically establishes themselves with their clients as an “Outsourced Processing Department”. This service model has permitted the Company to successfully retain clients and poise themselves for additional growth.
In addition, the Company is a certified to the Registered Quality Systems ISO 9001:2000 and AS9120:2002. The Company offers a range of products and services to industrial, aerospace, and automotive companies throughout the Unites States. Offering Titanium, Nickel, Aluminum, Stainless Steel, Copper, Bronze, Plate, Bar, Sheet, Block, and Forging. Services include Saw-Cutting, Trepanning, Heat Treating, Ultrasonic Inspection, Destructive Testing, Chem-Milling, and Grinding.
The Valuation Expectation Is In-Line With Market Conditions At 4.0 Times Adjusted EBITDA Plus Inventory And Accounts Receivable. The Seller Is Open To Discussing Deal Structuring That Will Maximize The Profitability Of The Investment For All Parties. Based Upon YE2008 Financials The Proposed Transaction Structure Would Be $6,450,000 Calculated As Follows. Estimated Business Acquisition $4,000,000 Plus: Inventory 1,200,000 Plus: Accounts Receivable 1,250,000 Estimated Total Purchase Cost $6,450,000
General Information
Facilities: Office – 2,500 sq. ft. Warehouse – 24,100 sq. ft.
Monthly Lease: approx. $18,422 NNN Lease
Terms: Expires 10/2012
Growth and Expansion:
• (In negotiations) “Metal Procurement Contractor” – 5 year contract with potential Annual Revenue from $5 to 20MM for regional department of a Public Company (Currently being evaluated for 6 – 7 other divisions worldwide)
• (In discussions) “Material Management” in Philippians – 5 year contract projected at $1.2MM annually
Support/Training: The Seller and Management understand that it is in both the Buyers and Sellers’ best interest for a seamless transition.
The Seller is available for an appropriate period of time following the consummation of the transaction. The Seller is open to negotiating an employment contract or consulting agreement for a period of time suitable to both parties.
Reason Selling: The Principal Seller is interested in pursuing their other business. |
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Primary Category: Wholesale/Dist. - Durable Goods
Secondary Category: Mfg. - Primary Metal Industries |
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| Gross Revenue |
$$11,430,000 |
| EBITDA |
$$1,051,000 |
| Total Assets |
$$400,000 |
| Type of Incorporation |
S-Corporation |
| Accounting Method |
Accrual |
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To obtain further information regarding this business opportunity, please complete the fields below and click "Next Step".
You will be directed to a Confidentiality Agreement that we require before releasing additional information. |
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