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Business for Sale Overview:

Founded nearly 70 years ago, this East South Central based Company specializes in wholesale distribution of hollow metal doors and frames, wood doors, and architectural hardware and specialty items, which accounts for approximately 60% of revenues. In addition to distribution, the Company also manufactures hollow metal frames to meet standard and custom requirements of the local commercial, industrial, and institutional construction industry, which accounts for approximately 40% of revenues. This Company represents top quality manufacturers for its entire distribution line. The Company is authorized dealer for several well-known door and frame distributors. In 2006, the Company generated nearly $2.2 million in annual sales. The Company targets distributors and contractors to the commercial, industrial, and institutional construction industry. The Company’s sales staff provides direct bids on architectural drawings from local contractors within a 75 mile radius of its facilities. Outside of the 75 mile radius, the Company provides proposals and quotes to distributors that solicit work and product directly from the Company, who in turn provide to the contractors in their area. These “outside” customers are driven by word-of-mouth referrals and repeat business. With a flourishing and profitable business under way, the Founder made a decision to retire and leave the succession of the Company in the hands of new management in 2001. (In 2000, revenues were $4.8M and adjusted EBITDA was $360K). Unfortunately, the Company’s sales and profit declined in the ensuing years under new management- so much so, that the Founder had to inject new capital in the business and reinstate himself into the role of active CEO once again. As a result, the shareholders are engaging in the sale of the business. A stock or asset sale is anticipated at an asking price of $910,000 with an expected working capital adjustment at close.