National Fabricator for MotorSports & Hospitality Awnings Company

Price: $300,000

Location: Anycity

Industry: Fabrication and Marketing of Awnings

The Owner of this leading Auto Racing & Hospitality Awnings Business is seeking a Strategic Buyer to take over his customer base and continue the tradition of providing timely service, quality, and innovation to his customers.

CUSTOMER BASE: As it is evidenced by the map on the top left of this slide and the next page of the attached business flyer, this company has a national presence with the majority of its accounts east of the Rockies & Canada (Ontario and Quebec).

TECHNOLOGY FEATURES: The Seller and his team are enjoying a reputation for innovative designs. Their billet awning fittings are unique to the industry offering lower installation and take-down time . Such well demonstrated Ergonomic and Structural Quality designs bring benefits to the customers (durability, quick assembly, aesthetic appeal) as well as enhance profitability to the customer and supplier (expediency in repairs, secure accounts, better profit margins).

REASON FOR DIVESTMENT: The founder of the company is past retirement age and would like to pass on the future of this business to a Strategic Buyer with good reputation.

REVENUE HISTORY & CUSTOMER BASE: This long established company has had a loyal customer base. However after losing its main telephone number after 2016 to the Buyer of the first divested division, it lost some orders as some customers were led to believe that this company might be out of business. However, as is shown below, the sales stabilized in 2018 and the first 5 months of 2019 are strong leading to a significant Annualized Revenues $726K estimate:

2016: $712K; 2017: $446K; 2018: $448K; Est. 2019 $726K

PRICED TO SELL: $300K OR BEST OFFER

The Seller values continuity of service to his long term customers. Consequently he wants to do a deal by Fall and then help the Buyer for a smooth transition as needed.

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DISCLAIMER & NOTICE OF CONFIDENTIALITY: This document is not to be construed as Term Sheet or any other kind of offering document. It is not an offer to sell or the solicitation to purchase any security of investment in any private placement. All information contained herein has been provided by Company Management, none of this information has been independently investigated or verified, there is no no warranty as to its completeness or accuracy, It is subject to change or withdrawal without any notice, and may contain errors. All prospective parties to a transaction should rely on their own verification and the advise of their perspective (properly licensed) legal, tax, and investment professional advisers.
Enterprise Development Resources Inc. represents this client. The information presented in this document is confidential. Further information will be supplied to interested parties after they sign the attached NDA and fill in the Buyer Profile and after the Seller of this business grants approval. This information is intended for use only by those who are considering acquiring the business described herein.

This Business Sale Process has been structured in a manner that is designed to facilitate the Sale of the Assets of an on-going Business after prospective Buyers meet the Seller (in person or via teleconferencing) and having had the opportunity to review the companies internal financial statements and worksheets and the company’s Tax Returns prepared by a CPA firm.

June 29, 2019

Elias E. Ladon, MBA, MS

Investment Banking Representative

Business Broker & Appraiser

Enterprise Development Resources, Inc.

3659 Green Road, Suite 100

Beachwood, OH 44122

Cellular: 216‐295‐1136

Office: 216-765-0845

Elias.Ladon@EnterpriseDR.com

Applicable securities transactions will be conducted through a securities Broker/Dealer. Applicable Real Estate Transactions will be conducted via a Real Estate Broker.

Listing Details

Total Sales: $726,000

Cash Flow: $199,000

Inventory: $25,000

Terms and Conditions?:

To be negotiated between the parties to the transaction.

Reason For Sale:

RETIREMENT

Training & Support:

The Seller and his General Manager will help the Strategic Buyer with the Relocation and the introduction to the customers.

Operation

Year Established: 1988

Year of Last Acquisition: The seller divested his other business in 2016 as part of his phased retirement plan.

Location

Relocatable?: Yes

Facilities Information:

The facilities are very well configured for the company's fabrication activities. Additionally, the company is well prepared for relocation to a strategic buyer's facilities.

Summary

Historical Summary:

CUSTOMER BASE: Company has a national presence with the majority of its current and past accounts east of the Rockies & Canada (Ontario and Quebec).
TECHNOLOGY FEATURES:The Seller and his team are enjoying a reputation for innovative designs. Their proprietary billet awning fittings have been a trend setter in the industry and provide the benefit of  shorter put-up and take-down time thus enhancing customers’ profitability.
REASON FOR EXPEDITED SALE: Retirement after having sold another division in 2016.
REVENUE HISTORY & CUSTOMER BASE: This long established company has had a loyal customer base. However after losing its main telephone number after 2016 to the Buyer of the first divested division, it lost some orders as some customers were led to believe that this company might  be out of business. However, as is shown below, the sales stabilized in 2018 and the first 5 months of 2019 are strong leading to a significant Annualized Revenues estimate:

2016: $712K; 2017: $446K; 2018: $448K; Est. 2019 $726K

The Seller is willing to support and help the Buyer in the transition process and introduce them to customers.

DISCLAIMERS: Please see other parts of this posting for Disclaimers.

Competition:

While this business is competitive, this company has good designs and innovative fabrication practices that set it apart from its competition. This is evidenced but its ability to bounce back after the adversity it encountered in 2016.

Potential Growth:

The turn-around of 2019 is indicative of it growth potential in the hand of the proper strategic buyer.

Securities transactions are conducted through Reliance Worldwide Investments, LLC ("RWI"), a member of FINRA and SIPC. RWI assumes no responsibility, or liability, for the contents of this website or any linked site(s); nor should it be presumed to be RWI's view or an implied endorsement. Check the background of this Broker-Dealer and its registered investment professionals on FINRA's BrokerCheck