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MANUFACTURING & DESIGN – NATURAL RESOURCE BASED
| Asking Price: | $4,000,000 | Inventory: | $200,000 ++ |
| Gross Revenue: | $6,000,000 | Real Estate: | $4,000,000 ** |
| Cash Flow: | $1,400,000 | FF&E: | $800,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This company is a manufacturer and harvester of one of Maine’s most interesting natural resources with an international market. The business is well-established, rapidly growing and profitable. Operations include, but are not limited to, the manufacture, design and installation of a wide variety of products. The company has blended artistic creativity with innovative techniques, modern equipment and manufacturing methods that include both custom and production work. Its success is related to its excellent reputation of high quality work done on time and on budget. The company’s customer list is impressive. This is an exceptional opportunity for a corporate acquirer in a related or complimentary business or for an individual looking to combine sales, marketing and management skills in a traditional and historic Maine business. For confidentiality reasons the exact nature of the business cannot be revealed until Maine Business Brokers has received a prospective buyer’s agreement to confidentiality and fully completed registration form. The real estate is available for acquisition.
About the Business
Year Established:1975
Employees:45 full time -
Facilities:The business occupies multiple well-maintained buildings on a large tract of land in one of Maine’s most scenic coastal areas. It also has access to a massive supply of high quality natural resources for its operation. The real estate is available for acquisition. If the real estate is purchased there is an addition add-back of $400,000 in real estate rent.
Market Outlook and Competition:The company is dominant in its Maine market. There are several smaller competitors who are competitive in certain local markets for projects of average complexity. This company’s size and reputation, however, allows it to dominate the local market on larger and more and more intricate projects. There are larger competitors in the national market, but a recent development will allow the company to expand in this market. The company believes that its core business will continue to grow at an annual rate of 10-15%. It also believes that tremendous future growth will come from another segment of the business with a virtually unlimited supply of raw material. This supply along with the company’s skill and competencies will propel the company to a dominant position in regional and national markets.
About the Sale
Reason For Selling:Retirement
Seller Financing:Seller/Bank financing $3MM on Biz. Bank $3.2MM on R.E. Down Payment $1.8MM. Working Capital Needed $500K
KEYWORDS: Manufacturer, natural, resources, artistic, construction, wholesale, design, building
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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