Profile: Leading Metal Distributor Est. 1988 W/ Recurring Revenue.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Brian Franco, Agent
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| Primary Phone: |
714-671-7868 X102 |
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| Alternate Phone: |
714-784-5490 |
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| DRE Number: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
9/19/09 |
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| Date Last Revised: |
10/22/09 |
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| BizBen Ad #: |
148387 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$4,000,000 |
| Down Payment: |
Call |
| Annual Revenue: |
$11,430,000 |
| Annual Adjusted Net: |
$1,051,000 |
| Price Range: |
Over $2 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
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Description:
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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.
Financial Information:
Gross: 11,430,000
Cash Flow: 1,051,000
Furniture, Fixtures & Equipment: 400,000
Inventory: 1,200,000 (Not Included In Price)
Financing: The Seller Will Consider Terms For A Well Qualified Buyer.
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 2008 Ye 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 20M 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 1.2M 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.
Year Established: 1988
Employees: 10
Disclaimer: The Information Contained In This Sheet Was Obtained From The Company And Other Sources. None Of The Information Has Been Independently Verified By Meritage Partners, Inc. And Therefore No Responsibility Is Assumed By Meritage Partners, Inc. As To Its Accuracy Or Completeness. Meritage Partners, Inc. Do Not Make And Expressly Disclaim Any Representation Or Warranty, Expressed Or Implied, As To The Accuracy Or Completeness Contained Herein And None Is Implied. Meritage Partners, Inc. Is Acting Only As An Advisor To The Company And Is Not A Broker Dealer.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Brian Franco, Agent at 714-671-7868 X102 or 714-784-5490 |
See All Our Other Businesses For Sale We Have Available
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