Asking Price: $18,000,000

Gross Revenue: $3,689,379

Cash Flow: $1,130,971

Inventory: $16,076,000 (Included in Asking Price)

FF&E: $50,000 (Included in Asking Price)

Seller Financing: The Buyer should be prepared to provide an Equity payment of $10,000,000. A reasonable Purchaser’s note, collateralized outside the company, would be acceptable for the balance.

A unique company and a unique opportunity. This company has built its own niche in the growing market for equipment leasing. Once sold, the client is “locked in” and receivables are steady. Growth is easily attained at a controllable rate. An experienced staff of five is in place for continuity. Acquirer’s risk is minimal due to the recoverability of the company’s $16,720,000 lease portfolio. The company protects contracts well and defaults are rare.
Revenues of $3,689,379 generated a Net Income of $1,130,971 in FY2006 (Dec 31), the sixth consecutive year above one million dollars. Assets of $17,560,000 increased two million dollars over 2005 and as June 30, 2007 assets had increased another, almost three million dollars to $20,157,000. The company is being offered at $18,000,000. Owner will remain as one third minority owner for continuity and to maintain growth, if desired. Transaction structure and terms are flexible, although a minimum $10,000,000 equity payment is required. Buyer creditworthiness must support the company’s present availability of banking credit after the acquisition. Present debt is relatively low.

Year Established: 1990

Employees: 5 full time -

Relocatable: Yes

Facilities: Company operates from leased facilties in Massachusetts.

Market Outlook and Competition: Opportunities for growth in the Leasing Industry are limited only by financial capability, staffing/control capability and the desire to grow. The Owner estimates that workload for the present staff could triple before additional staff was needed.

Management Training and Support: Seller is flexible. Owner would want an employment contract to be co-terminus with any seller deferred payments negotiated to acquire the business.

Reason For Selling: Retirement.