Specialty Chemical company
Asking Price:   $2,500,000Inventory:   $3,000,000 ++
Gross Revenue:   $17,000,000Real Estate:   n/a
Cash Flow:   $939,000FF&E:   $1,700,000 ++
++ included in the asking price         ** not included in the asking price
National Business Search is representing for sale, on an exclusive fee paid basis, a manufacturer and distributor of fiberglass, polyester and epoxy resin products for the composites industry. The Company is based in several large cities in the southern U.S and was founded over 40 years ago. Sales channels include OEMs, resellers, industrial companies, trades, export, Internet/mail order and hobbyist/Do It Yourself, all in appropriate quantities and pricing. This division of the Company accounts for approximately 92% of the Company’s revenue. A second division of the Company sells a national brand product through distribution and retail outlets, with a brand that has been marketed since 1988. A third division sells a patented product into the trenchless technology field. In 2007 Company revenue was $18.2MM, with a restated ebitda (earnings before interest, taxes, depreciation and amortization) of $612,000. In 2008, based on midyear financials, revenue is projected to be $17.3MM, with restated ebitda projected to increase to $939,000. The Company has approximately 65 experienced employees in multiple distribution and manufacturing methods to build future business on, and an experienced management team in place. The Company has reviewed financial statements and a versatile software system in place. With the right partner the Company is positioned to grow in the current market and excel in a normal market. The Company’s formula for success in its home market may be duplicated throughout the South and potential nationally producing a market of several hundred million dollars. The price of the business is negotiable. In addition to cash or stock, the owner will consider creative proposals including equity, management participation and incentives based on future growth.
About the Business
Year Established:1961
Employees:64 full time -
Relocatable:Yes
Facilities:The Company’s 3 distribution facilities are fully equipped for warehouse-to-customer by delivery or showroom retail/wholesale transactions. The Company’s manufacturing location may be used for packaging or blending. These superb facilities make the Company a good candidate for a strategic buyer who needs distribution or manufacturing capacity in this market.
Market Outlook and Competition:The last year and a half has strained owner financing, due to a new computer system and a slow down in the industry. However, the Company is well positioned to grow as the economy recovers and customers diversify their purchases. Growth in 2009 and 2010 are predicted by the owner to exceed the best year that the Company has ever accomplished.
About the Sale
Reason For Selling:To gain liquidity and secure the resources to enable the company to grow.

KEYWORDS: epoxy, resin, fiberglass, chemical, distributor, manufacturer, decanter,


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Business Listed By
Dave Green  |  National Business Search
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Industry: Chemicals
Segment: Other Chemicals

Last Viewed: Nassau Pizza Deli
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