Business Overview:
The Business for sale is a very profitable and growing engineering firm specializing in high quality custom engineered and designed heaters and coolers for industrial customers. With Q1 2011 revenue of just under $1 million and an order backlog exceeding $628,000, the company is poised to achieve $2.4 million in revenue and more than $576,000 in EBITDA in financial year 2011. The customer base is composed primarily of utilities, industrial manufacturers and the paper and pulp industry throughout the United States and to a lesser extent, Canada and overseas. Enjoys a significant degree of manufacturing capability, as all manufacturing work is outsourced to ASME-certified contract manufacturers. A proprietary software was developed by the company and modified using purchased off-the-shelf applications, allowing for modifications to parameters to maximize efficiency and help to meet specific project and customer needs. An impressive product portfolio and diverse customer base result in an estimated 90 to 95 percent rate of repeat business and help ensure continuity of operations. The Company leases a 1,000 square feet office facility from a third party at the fair market rate. The existing facility is sufficient to support proforma growth projections. The owners are committed to remaining with the firm for an agreed upon period following a sale to help the company realize its proforma objectives.
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Property Features and Assets:
Operates from an office facility totaling 1,000 square feet. All of the manufacturing processes are outsourced to reputable, high quality, ASME-certified contract manufacturers in the company’s vicinity. The facility is leased from a third party at the fair market rate of $6,150 per Annam.
Market Competition and Expansion:
Historically, the company has relied primarily on repeat business and customer referrals to attract new business. In addition, the company currently utilizes the services of six commissioned sales professionals. Growth to date is also the result of the creation and maintenance of excellent relationships with numerous clients in a wide range of industries. Moreover, the owners have been instrumental in building the company’s account base and financial strength through their extensive industry experience and product knowledge. The owners are proud to have built a company with a healthy diversity of customers, a firm commitment to customer satisfaction and a favorable reputation in its markets. They are also aware that the company’s high level of service plays a key role in attracting new accounts, as well as in preserving and growing existing accounts.
Reason for Selling:
The owners wish to pursue other interests.
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.
Resources: