Distributor of Corrugated Boxes & Packaging

TX

Distributor of Corrugated Boxes & Packaging
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $10,500,000

EBITDA: $600,000

FF&E: N/A

Inventory: N/A

Established: N/A

Distributor of Corrugated Boxes & Packaging

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Business Description

Market Verticals: Industrial, Oil & Gas, and Commercial

The Company focuses on the distribution of corrugated boxes and related packaging products. The Company also maintains any boxing supplies needed for its customers.
Stock and custom corrugated boxes make up the majority of the Company’s revenue. A wide range of packaging items such as tape, bubble wrap and foam, packing peanuts, plastic and steel strapping, poly bags, kraft paper and single face corrugated, padded envelopes, and additional specialty items make up the majority of the remaining revenue.
Customer markets served in 2018 include: Industrial (66%), Oilfield Services (11%), Distributors (10%), Storage/Moving (8%), and Pack ‘n Ship (5%). The Company operates out of a 62,000 square foot facility. The space reserves 5,000 square feet for office area and the rest is used as warehouse space.

Detailed Information

Employees:
35
Competition:
Diversified Customer Base: No single customer accounted for more than 3% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account. ? Management Will Remain Through Transition: The shareholder is committed to remaining with the Company, under negotiated terms, to assist with the transition, ensuring a smooth transfer of employee and customer relationships, and ongoing success under new ownership. ? Strong Historical Sales Growth: Sales growth has increased at a compounded annual growth rate of 7.8% from 2016 to 2018. The historical sales growth is projected to continue into the pro forma period, particularly as it looks to benefit from the improving Houston economy.
Growth & Expansion:
Strong Earnings: In the historical period, adjusted EBITDA increased from 4.7% of sales in 2016 to 5.5% of sales in 2018. The Company projects continued operating efficiencies will lead to higher EBITDA margins into the pro forma period. ? Strong Net Working Capital: As of December 31, 2018 current assets were valued at $1,878,000 compared to current liabilities of $1,161,000. This working capital of $717,000 provides the Company with a strong opportunity for growth.
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Tim Cook

Business Listed By:
Tim Cook

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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