Business for Sale Overview:
The March Group currently represents a specialist firm in the manufacture of pressure vessels for private and public companies in the oil and gas industry. The Company employs state-of-the-art manufacturing equipment within completely new facilities in its manufacturing operations. Competitive advantage in offering faster lead times and lower prices than larger competitors, and more control over production and quality than same-size competitors through its in-house production. This Company is a “non union” shop, and no union has actively attempted to organize within the Company. Management is committed to complete customer satisfaction and is dedicated to delivering the highest possible quality standards. Maintains a well-planned and organized Web site, providing a wealth of information on the Company’s history, its product line, and the depth of its manufacturing expertise.
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Property Features and Assets:
The Company’s headquarters, with 20,000 square feet of office and manufacturing space, is located on 5.6 acres of zoned commercial real estate. Both buildings are leased through a partnership owned by the same owners of NTPV. Lease payments are considered fair market value for similar facilities.
Market Competition and Expansion:
With a cautious view of the current overall U.S. economic landscape, current management sees a challenging year ahead. However, renewed growth is forecast beginning in 2010 and in the future. The Company is looking to leverage its experience and growing reputation for excellence in its industry through expanding marketing efforts and increased sales representation. The Company recently acquired specialty manufacturing equipment which will allow it to expand operations into areas such as supplying pre-cut parts to machine shops, structural steel shops and other pressure vessel manufacturers or business that requires precise, high quality cutting. This new equipment is capable of cutting stainless alloys up to six inches thick. While the Company only manufactures carbon steel pressure vessels at this time, stainless steel pressure vessels could be built with a minimal additional investment.
Additional future growth will come from an expansion outside the firm’s current operating base and also from selective strategic additions to the Company’s product line, using additional independent sales representative to capture new business.
Beginning in 2010, management is currently projecting a return to solid revenue growth between 20% and 30% per year over the next five years. Along with record annual sales now estimated near $2.81 million for 2010, management is forecasting record EBITDA near $681,000 in 2010.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.