Current Opportunities/Businesses For Sale
Provider of Wholesale and Retail Gasoline & Diesel Fuel (Midwest):
Client Number: MG1728
A well-established & profitable company specializing in the wholesale & retail provision of bulk fuel, since 1975. In addition to the sale & delivery of bulk gasoline, diesel fuel, & home heating oil, the Company operates a comprehensive convenience store/service center. Retail facility serves as the main office & includes a convenience store; multi-pump service station; mechanic/service bays; car wash; national rental franchise; storage area & loading dock; multiple underground bulk storage tanks; 3 offices; & a separate 7,500 sq. ft. building currently leased to a 3rd party. The Company is located in an exurban area of a major Midwest city. Corner-front facility is located along a major thoroughfare & sees traffic of approximately 20,000 cars each day. Underground bulk storage plant upgraded in 1998 & building in 2002. Facilities are available for lease or purchase. 55% of revenues derive from retail sales, with the remainder contributed by the jobber services. Licensed for bulk delivery in 2 states. Wholesale delivery services primarily to agricultural & commercial accounts, & home heating customers. Revenues for FY 2007 of $10,948,000.
Manufacturer & Distributor of HVAC Parts & Sheet Metal (Lower Great Lakes):
Client Number: MG1653
Profitable pair of companies specializing in the skilled fabrication of sheet metal for commercial HVAC use, & the manufacture & distribution of HVAC duct work, pipe fittings & accessories for residential & commercial installation. In continuous operation & under the same family ownership since founding in 1964, the Companies reach deep into both sides of the HVAC industry. Strategic location near major state & interstate thoroughfares to serve a tri-state region. The trusted supplier for 400+ accounts, enjoys a greater than 60% rate of repeat business. Streamlined operating process honed over many years in the industry. Word of mouth referrals account for nearly half of all new business generated, a testament to the strong reputation for superior quality & excellent service. Longtime member of the Air Conditioning Contractors of America (ACCA). FY2007 Gross Revenue of $1.8 MM with EBITDA of $82K. 4 crucial employees committed to remain under new ownership.
Provider of Precious & Scrap Metal Collection & Resale (Great Lakes):
Client Number: MG1654
A major regional player in the precious & scrap metal recycling industry purchases & collects primarily silver & aluminum from 800+ customers for subsequent resale to large recovery & refining operations. Increased focus on recovery of scrap silver, which retains higher gross profit margins. Silver sources include scrap film, silver accumulated in canisters & silver recovery units, & silver flake from printers, hospitals, clinics, & newspapers. Material prices are determined by the American Metal Market (AMM); the other factor is the type of service rendered -material providers are not charged directly for recovery. Nearly three year old agreement with major refiner to be the exclusive provider & to receive customer referrals. 2006 revenues of $1,902,400 & EBITDA of $170,000 hit projections, & gains of 56% & 9% respectively promise healthy revenue and profitability growth into the future.
State of the Art Multi-Sports Complex (Great Lakes):
Client Number: MG1807
This state of the art, multi-purpose sports complex with extraordinary growth potential is sited in a strategic suburban-Midwest location, adjacent to major north-south/east-west interstates & within 90 minutes of nearly 9 million potential customers. Combined, over 228,000 sq. ft. of immaculately maintained facilities, including multiple professional-grade hockey rinks and basketball/volleyball courts; first-rate fitness center; enclosed dry fields for soccer, lacrosse or flag football; a youth gymnastics center; large event space; several concession areas; & space for outdoor sports. In its history, the Company has done very little in the way of formal advertising, relying mostly on repeat customers & referrals. Excellent opportunities exist to broaden the customer base through a cohesive advertising plan, & to further penetrate the area's thriving traveling sports team market. Currently operating at only 30% capacity - immediate & long term growth easily achievable without the need for capital expenditures.
Lead Manufacturer of Fluid Power Related Products (Minnesota):
Client Number: MG1590
An innovative quality-driven ISO 9001:2000 certified company specializing in the design and manufacturing of fluid power related products. Products and services include: trademarked hose protection and containment, compressed air treatment products, oil and grease systems, and contract manufacturing and assembly. Built a solid business recognized for its quality, streamlined processes, innovative product design and development, efficient distribution methods, and high degree of employee involvement. Clients include, but are not limited to, entities in the agricultural, mobile equipment, medical equipment, industrial, and military sectors – amongst them are Blue Chip customers. Revenue derives from clients in North America, France, Australia, Italy, Poland and other markets worldwide – North America and France are their two largest markets. Majority of products have registered trademarks, patents, or patents pending including a patented solenoid drain valve that solves problems associated with all current electronic solenoid valves. 20,000 sq. ft. office and manufacturing facility located on four plus acres of land available for lease or purchase. Currently developing grease system prototypes for the US Navy which is one of many other products being developed for other customers. Attracts customers through its innovation and attention to customer needs and maintains them by providing significant value and manufacturing quality into every product TTM June 2008 revenue was $5.2 million with EBITDA of $743,000 - a substantial increase over 2007.
Manufacturer of Treated and Customized Wood Products (Midwest):
Client Number: MG1749
A well-established manfucturer of pressue-treated and untreated wood products for a diverse regional client base. This Company, in operation for more than a half-century, clearly exhibits the market know-how and strong ties necessary for long-lasting success. Sources lumber, both raw and pre-cut from a number of different suppliers for on-site processing and pressure treating. Products include (untreated) western pine boards, patterns, pre-finished pine, rough lumber, purlins, cedar lumber and (treated) wood foundations, square and round building poles, fence posts, dimension lumber and decking, bridge planks, and landscape and deck timbers. The bulk of clients are lumberyard owners concentrated regionally who are especially drawn to the Company’s practice of filling any size order – which sets it apart from competitors. Further establishing its niche, the Company will custom treat products to a client’s specifications. Company facilities, manufacturing and warehouse space are all housed within the company’s 120 acre compound. The addition of an experienced sales representative to lead a reinvigorated sales strategy could significantly and immediately increase sales by maximizing value and service for both existing and potential customers.
Fulfillment and Service Provider of Medical and Specialty Products (Minnesota):
Client Number: MG1833
A well-established and highly profitable company specializing in distributing a vast array of medical, dental, chiropractic, lab, veterinary safety, EMS, infection control and specialty products. Has formed relationships with many catalogs and businesses, as well as with numerous major manufacturers. Serves customers throughout the United States as well as in Canada and Mexico –mainly resellers and government agencies; recently added a major retail account. Marketing efforts include attending approximately five to six industry tradeshows per year, advertising in trade publications, and product brochure distribution to potential and existing clients – sales could increase with expansion in these areas. The Company moved to an expanded facility (23,000 square feet) in February 2008 to accommodate future sales growth. Product line includes: Sharps’ containers, disinfectants/soaps, gloves, non Sharps’ waste disposal products, custom kit packaging and furniture/fixtures. Offers many advantages to customers over buying direct from the manufacturer – including the ability to purchase a vast array of items with only one purchase order/invoice as well as freedom from huge minimum orders and stocking commitments often required by manufacturers. Offers repackaging, bar coding and labeling products as well as in-house support with sell sheets, technical help and product information. 2008 sales at $6.03MM an increase of 13.4% over last year’s $5.3MM in sales. 2008 EBITDA reached $522K and revenue increased steadily over the past five years, from $3.4 million in 2004 to more than $6 million in 2008.
Rapidly Growing Data Center Design and Construction Company (Midwest):
Client Number: MG1942
A highly respected and very profitable engineering and design firm specializing in turnkey services for the telecommunications and data center industry. An impeccable reputation for highly skilled, on-time project completion has led to an overabundance of work, making this an outstanding growth vehicle for the right investor. The Company is the choice for comprehensive engineering and design plans – at the precise level of investment desired by the client. Areas of expertise include: construction management, power generation and mechanical, electrical and fire protection engineering. Boasts the successful completion of over 1,000 projects in 31 states, encompassing the integration of over 33,000 KW of standby power generation, 10,000 KVA of uninterruptable power systems, 100,000 amps of DC power plants, and 1.3 million square feet of telecom and data center facilities. The elevated rate of repeat business is a sign of the incredibly high confidence the blue chip client base holds in the Company’s work. The Company serves as the prime contractor on most contracts, subcontracting out non-engineering work to trusted firms. In 2008, the Company posted revenue of $18.33 million and EBITDA of $4.074 million. The founding owner, well connected in his industry and marketplace, is amenable to remaining with the Company for an extended period in order to realize the promising growth opportunities.
Major Distributor for a Leading Manufacturer of Flexographic Supplies (Lower Midwest):
Client Number: MG2022
A well-established and highly profitable distributor for flexographic consumable supplies, especially mounting tape used in flexographic and rotary letterpress printing applications, and pressroom accessory equipment. One of a small number of distributors for the country’s leading manufacturer of mounting tape, for which it is estimated to move the 3rd highest volume of the product; distribution rights are transferable to new ownership based on review by the supplier. The Company’s 1,300-strong client base is made up entirely of label converters, with approximately 95% of sales realized domestically. Recently initiated sales efforts to promote additional product lines, targeting existing customers who currently purchase only one or two products, promise continued growth. Located in a major Midwestern metro area, the Company’s 16,800 sq. ft. facility is available for sale along with the business. At present, the company is utilizing approximately 60% of the facility’s total capacity.
Distributor, Assembler, Seller and Servicer of Printing Equipment (Indiana):
Client Number: MG2098
A very profitable assembler and seller of high quality, European-designed image and plate register control equipment for newspapers and commercial web printers. The Company also designs, sells and services a wide range of press plate lock-up systems for offset and flexographic presses. Boasts long-term and exclusive contractual relationship to sell, distribute and service products for a well known German company. Areas of current focus include designing, selling and servicing CTP (computer-to-plate) punch benders and plate making equipment. Services include retrofits to existing plate making equipment as part of the changeover to new locks and web sizes for seamless conversions. Distinguished from competition by offering advanced CTP finishing equipment to the industry with excellent customer service and on time delivery. Clientele consists of distributors (60%) and direct customers (40%), while sales are divided by printing press plate lock ups (60% of revenue), punch benders (25%) and legacy equipment repair (15%). Impressive posted 2008 EBITDA of $1.466 million on revenues of nearly $4.7 million - representing a profit margin of more than 31%. Exciting growth opportunities exist with European partnerships, offering expansion as a distributor. The Company also has the human capital to readily expand into other niche machinery markets.
Transportation Brokerage with Rolling Stock (Upper Midwest):
Client Number: MG2147
A well-established transportation firm with brokerage catering to the needs of the road and commercial construction markets. Operating primarily through a strong network of experienced owner-operators, the Company serves an extended metro area in the Upper Midwest. Though established only in the early part of this decade, the Company has already reached a number of important milestones – namely, surpassing the $10 million sales mark. The Company is primarily a trucking brokerage (92% of sales) specializing in the movement of aggregate for the road and commercial construction markets. To broker approximately 150 trucks per day, the company counts on its fleet plus 40 to 100 owner-operators (depending on the season) who drive exclusively for the company. Severally complimentary business lines generate the remainder of sales (8%). The carefully cultivated customer base is populated primarily by road construction contractors (75% of sales) and municipalities and construction-related contractors (25%), and ranges between 40 and 50 active accounts. The Company’s woman-owned business distinction accounts for approximately 20% of revenues. In 2008, revenue for the Company was $8.5 million and EBITDA reached $292,000. Significant and feasible opportunities exist for profit margin improvement in this already profitable and steadily growing operation. Led by the Operations Manager, the Company’s management team would like to remain active in the business following acquisition.
Union Mechanical Contractor for Commercial/Industrial HVAC Projects (Midwest):
Client Number: MG2273
A successful and well-established full spectrum HVAC contractor, fulfilling a wide range of mechanical contracting needs for a major Midwestern market. Offers full scope design/build, modification and pipefitting services, from draft to layout to full field installation, for commercial and industrial HVAC, ventilation, and process piping. The Company undertakes a healthy diversity of projects, including jobs for the new construction (40% of 2007 revenue), renovation (30%), service maintenance (20%) and tenant finish (10%) markets. An ever-growing service portfolio includes 30 to 40 recurring revenue-producing service contracts and the market exists for a more prominent service division to capitalize on even greater growth opportunities. One of only a handful of LEED (Leadership in Energy and Environmental Design) Green Building approved contractors in the local market. In 2008, the Company posted revenue of $2 million and EBITDA of $299,000 Duct work is currently outsourced to local sheet metal shops; an investor willing to bring manufacturing in house could substantially widen profit margins. The founding President, who holds deep connection in the local market, would be interested in retaining a management position.
Outpatient Medical Imaging Center (Ohio):
Client Number: MG2389
A full-service, outpatient medical imaging center. The facility comprises approximately 17,500 square feet and currently employs nine full-time and three part-time imaging technologists. Through the use of the latest technology and state-of-the-art equipment, the center offers its patient population a diverse array of medical imaging services. The Company enjoys an enviable, long-standing reputation for state-of-the-art equipment, comprehensive capabilities, and a strong focus on maintaining a high level of patient satisfaction. Strong service orientation and use of the latest technology have resulted in a high rate of repeat and referral business. In 2008, the center worked on 37,442 cases and management anticipates that the facility will see in excess of 38,000 cases in 2009. The Company has shown a steady history of growth as sales increased at a CAGR rate of 4.3%, from $5.81 million to $6.32 million between 2006 and 2008, respectively. EBITDA increased from $784,162 (13.5% margin) in 2006 to $1.91 million (30.2% margin) in 2008. Significant growth potential exists via increased business development efforts, geographic expansion and additional hiring.
Multi-Location Casual Restaurant Franchisee (Missouri & Illinois):
Client Number: MG2456
Each well-maintained high-traffic store averages over 4,800 square feet and reached $1.4 million in annual sales in 2008. Sales have remained fairly stable in recent years, averaging $19.2 million per year between 2006 and 2008. The entire operation is staffed by 620 full and part-time employees, including a strong non-owner senior management team that is made up of a chief operating officer/chief financial officer, director of operations, and director of facilities. The franchisor’s brand enjoys a very strong reputation in the marketplace for quality, value-driven menus that cater to a broad demographic. Average sales per location of $1.4 million in 2008 is above the average for this franchisor in the Midwest. Sales in 2009 are forecast to increase by 3.5 percent to reach $19.25 million. There is significant growth potential via geographic expansion across the Midwest.
National COBRA Administration Services Provider (Midwest):
Client Number: MG2483
A National provider of COBRA administration services and flexible benefits accounts services to private and public corporations. A specialist in the administration of the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985, corporate Flexible Spending Arrangements (FSAs) and Health Reimbursement Arrangements (HRAs). Established in 1998, the Company benefits from the same dedicated ongoing management, along with 41 dedicated full-time and four part-time employees. The Company represents more than 3,400 customers in forty states. Posted revenue of $2.5 million in FY 2008, with EBITDA near $746,000. The Company is realizing very significant growth from the COBRA provisions of the American Recovery and Reinvestment Act of 2009; FY 2009 revenue could potentially reach $4 million. The Company has made considerable investments in scalable, proprietary software which will ensure continued operational efficiency and future growth.
National Plastics Manufacturer – Attractive Margins, Exceptional Growth (Midwest):
Client Number: MG2528
A premier producer of custom injection molded components specializing in the production of plastics and assembly parts. The Company manufactures products and services to prominent Fortune 200 companies. Management practices exemplify superior quality work, product and craftsmanship and are recognized by the International Organization for Standardization for ISO 9001 designation. The Company’s management team, work force and operating procedures have created a reputation unsurpassed in the industry. Its reputation as the foremost source for plastic components, solenoids and tooling requirements has lead to a customer base that includes some of the country’s most quality driven manufacturers. The Company’s culture and systems generate exceptional profitability and growth. With FY 2008 revenue of $12.2 million and EBITDA of $1.975 million; the Company has successfully grown the business at an accelerated yet achievable pace since inception. The Company realized sales growth in excess of 25% for the last two years. The Company has exceptional EBITDA margins reflecting the Company’s culture of quality and management practices; the FY 2008 recast EBITDA margin exceeded 16% and is expected to exceed 18% for FY 2009.
Precision and General Machining and Manufacturing Services (Missouri):
Client Number: MG2409A precision and general machining and manufacturing services company utilizing state-of-the-art CNC milling and turning centers capable of handling all types of gauges, fixtures, dies and machine types. The Company operates from a modern 15,300 sq. ft. facility equipped with a five-ton overhead crane and utilizes seven CNC machining centers in addition to a wide inventory of manufacturing equipment. The Company enjoys an account base of approximately 30 customers and a 95 percent rate of repeat business. Present operation at 20 percent capacity with one shift allows substantial opportunity for growth without significant capital expenditure. The Company generated more than $140,000 in revenue per employee in 2008 compared to the industry average of $110,000. Holds a reputation for providing quality on-time products supported by ISO:9001-9002 certification. In 2008, the Company celebrated 15 years of successful operation.
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