| Asking Price: | $21,150,000 | Inventory: | $100,000 ++ |
| Gross Revenue: | $35,000,000 | Real Estate: | n/a |
| Cash Flow: | $4,100,000 (comments below) | FF&E: | $300,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: SD CF | |||
There is a considerable amount of repeat work with its clients, despite some required - as well as negotiated - bidding. Given the company’s recognition of its customers’ time sensitive projects, it can maintain (and has extended) its competitive advantage, also due to a limited number of qualified vendors.
The company employs approximately 50 employees of which 90% are unionized. The company is located in an attractive facility easily accessible by major highways and in close proximity to various airports.
After 2007 record revenues of $44 million, the company experienced a decline in 2008 due to general economic conditions. However, an average SD Cash Flow of $5.3 million per year has been maintained for the past three years. The company projects an excellent future.
The purchase price of $21m includes $1.8m in A/P, which can be offset by $4.4m in current A/R - for a net purchase of $16.6m. The projected yearly AFTER DEBT cash flow of $3.2m will not only enable an investor to recoup the initial cash payment of $5.8m in less than two years, but also will provide a superb basis for expansion to the entire East Coast for the strategically focused acquirer.
*** ALL DATA BASED ON TAX RETURNS AND FINANCIAL STATEMENTS ***
KEYWORDS: Our client is a leading prime contractor providing services for a particular market segment. The company has been in existence for more than 20 years, is well recognized by its peers and very established with its clients. There is a considerable amount of repeat work with its clients, despite some required - as well as negotiated - bidding. Given the company’s recognition of its customers’ time sensitive projects, it can maintain (and has extended) its competitive advantage, also due to a limited number of qualified vendors. The company employs approximately 50 employees of which 90% are unionized. The company is located in an attractive facility easily accessible by major highways and in close proximity to various airports. After 2007 record revenues of $44 million, the company experienced a decline in 2008 due to general economic conditions. However, an average SD Cash Flow of $5.3 million per year has been maintained for the past three years. The company projects an excellent future. The purchase price of $21m includes $1.8m in A/P, which can be offset by $4.4m in current A/R - for a net purchase of $16.6m. The projected yearly AFTER DEBT cash flow of $3.2m will not only enable an investor to recoup the initial cash payment of $5.8m in less than two years, but also will provide a superb basis for expansion to the entire East Coast for the strategically focused acquirer. *** ALL DATA BASED ON TAX RETURNS AND FINANCIAL STATEMENTS ***
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