2018 FYE Revenue: $10.8M Central IA Recast EBITDA: $1,000,000
Well established, patented product; accepted in market for number of years;
- Distributor for key manufacturers;
- Consistent sales and profit margins;
- Experienced management team;
- Diversified customer base
$7,000,000 sale price
This is a well-established family-owned business since 1969. It boasts an outstanding reputation for quality and its brand name is nationally known. It is sought by major customers due to its ability to provide specialty value-added products, on-time delivery and high quality service.
The Company began by providing a specialized service, covering most of the Upper Midwest. It quickly expanded into distribution of the products it serviced. In 1976 the Company identified a market need and began manufacturing a patented product, pioneering a new market niche. The Company continues to upgrade this product and develop more products for its market.
A well-trained, long-term core employee group is critical to the continued quality of manufacturing and customer service. The Company has developed its team to the point that the Company has operated for extended periods without the owner’s presence. Customer service is a key component of the Company’s success and the Sales group understands its customers and is creative in meeting needs.
Management has long-term experience and it is anticipated that they would want to stay with the company post-sale. The owner is willing to stay on for a period to provide training required for a smooth transition to new ownership and potentially longer if desired..
Potential improvement to the Business as identified by the Seller could be as follows:
- Focus product development to take advantage of digital/AI advancements;
- Move product into additional markets to rapidly expand sales;
- Establish new dealerships to move product through additional channels;
- Develop contractors in additional geographies to increase service offerings and move product;
- Combine research and development, engineering capabilities to accelerate product development;
- Brand name has significant market recognition;
- Adding product to an existing product line can quickly increase sales and distribution;
- Further development of distribution business can increase sales and profitability;
- No need for training – turn-key opportunity;
- Brand name has significant market recognition as a high quality producer and strong service provider
For additional information please contact Maurie Cashman at 319-377-1143 or email@example.com