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Midwest-based Manufacturer of Laboratory Equipment and Furniture

Mid West

Seller Financing Available
Midwest-based Manufacturer of Laboratory Equipment and Furniture
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Asking Price: N/A

Cash Flow: $2,875,000

Gross Revenue: $12,205,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: N/A

Midwest-based Manufacturer of Laboratory Equipment and Furniture

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Business Description

Founded over 40 years ago and headquartered in the Midwest, the Company is a leading designer, engineer, and manufacturer of premium laboratory equipment. The Company has built a product mix of the highest quality manufacturing products.

The lab furniture industry has grown steadily over the last five years at a 1.4% CAGR, but is also relatively protected from severe economic downturns due to being tied to less cyclical end markets. The Company operates within a highly niche market and features attractive organic and strategic growth opportunities such as expanding product lines, growing geographically into new end markets, and strategically acquiring similar industry players.

The Company has a very well-developed customer network, many of whom have been clients and partners for over 30 years. The Company is well-positioned from a quality manufacturing and operational perspective, and therefore mostly handles projects in a highly profitable segment of the market when compared to industry peers.

Ownership would like to sell the Business to fully transition into retirement.
The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. If you do not receive the NDA link, please check your junk mail. If the email cannot be found please email info@caldergr.com and request a PDF version.

Once we receive your NDA and answers to some basic questions the Confidential Information Memorandum (CIM) will be sent to you from the project manager.
If you do not receive the CIM after signing the NDA, please check your junk mail again first. Email info@caldergr.com for any questions and support. Thank you in advance!

Qualified Buyers are expected to have a minimum cash equity available of $2MM+.

Detailed Information

Real Estate:
Owned
Building SF:
40,000
Employees:
31
Facilities:
The Company operates out of a 40,000 sq. ft. facility, owned by a related entity.
Competition:
Investment Highlights Include: 1) Lucrative, Competitive Market Position – Due to the Company’s size, experience and positioning within the market, the Business is able to take on its choice of projects. Generally, this means working with dealership groups on smaller, more customized jobs which is a much more profitable market segment. 2) Attractive Industry - The laboratory casework manufacturing industry has grown steadily over the past five years as favorable macroeconomic conditions and rising research and development spending in the U.S. has supported the industry. 3) Well-Established Dealer Network – The Company has worked with multiple dealers for over 30+ years. While the Company does not actively seek to grow its dealer network, it has been growing with new relationships recently. 4) Optimized Operations & Manufacturing Systems – The Company has the capability to customize its products to almost any customer specification. Both production and inventory control use sophisticated software that maximizes efficiency. These capabilities set the Company apart from its competition.
Growth & Expansion:
Growth Opportunities Include: 1) Expand Sales Infrastructure – The Company has not actively looked to aggressively grow and scale the business, but has instead been selective in terms of the jobs it will take on. Management estimates that it could double the amount of production, without expanding the facility or making any large capital expenditures, simply by growing its sales team and putting in place a more sophisticated and aggressive sales infrastructure. 2) Adjacent Product Lines - The market for lab furniture is expansive, and there are additional lines of furniture and equipment the Company could easily (without additional capital expenditures) grow into. Management projects that it could reasonably add an additional $1.5-$2.5 million of revenue through an additional salesperson and project manager focused on growing this area of the business. 3) Acquisitions – The Company operates within a highly niche market. However, there are opportunities for it to expand through acquisitions of companies in similar or adjacent markets.
Financing:
Limited Seller-Financing Available for Qualified Buyers.
Support & Training:
Ownership willing to provide reasonable and customary transition assistance.
Reason for Selling:
Retirement.
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(from currently available funds)
 
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Max Friar

Business Listed By:
Calder Capital, LLC

Calder Capital

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