Fast Growing and Profitable Designer and Manufacturer of Home Accessor

Orange County, FL (Relocatable)

Framed mirror installation

Asking Price:$2,000,000

Cash Flow:$630,000

Gross Revenue:$3,600,000

EBITDA:$550,000

FF&E:$59,000

Inventory:$349,000

Lease Rate/Sq. Ft.:$6

Established:1987

Fast Growing and Profitable Designer and Manufacturer of Home Accessor

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Business Description

The Company is one of the largest manufacturers in the Eastern US offering the complementary products of decorative mirrors, bath cabinets and mirrored closet doors. Strategically located in the Southeast, in close proximity to the fastest growing areas of the US east of the Mississippi, the Company sells to builder specialty distributors, building material dealers, glass houses, glass specialty shops, closet companies, door and hardware distributors as well as specialty glass and millwork contractors and contractors in the after paint markets. The Company also markets to architects and general contractors.

Management has grown revenues at a compound annual growth rate of 23% since 2013. After adding additional sales representatives and expanding the product offering, 2016 is off to a terrific start and may exceed forecasted revenues and EBITDA. The market presents significant opportunity for consolidation.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
22,000
Lease Expiration:
N/A
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leased property with expansion room. Excellent location near 2 interstate highways. Real Property owner would consider selling the property separately.
Competition:
Market leader in Florida, very competitive in Southeast and Mid Atlantic. No foreign competition since most product is made to order and not sold into big box retail. Note on Financial Information: 1) assets as of 9/30/2016 2) Sales, EBITDA, SDE based on proforma 2016, year ending 12/31/16 3) Cash flow is EBITDA plus GM/co-owner compensation
Growth & Expansion:
Management has grown revenues at a compound annual growth rate of 23% since 2013. After adding additional sales representatives and expanding the product offering, 2016 is off to a terrific start and may exceed forecasted revenues and EBITDA. The market presents significant opportunity for consolidation.
Financing:
SBA pre-qualified financing in place
Support & Training:
Current President/Part Owner is willing to stay to help with transition as needed for a period of time as needed.
Reason for Selling:
Investment group has held for 10 years and is looking for liquidity.

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David Brown

Business Listed By:
David Brown

Red Hawk Associates

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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