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EXECUTIVE SUMMARY
PBG Reference No.: S187

METAL FABRICATOR AND FINISHER

We are pleased to present this business opportunity for your review. Premier Business Group, Ltd. is one of the leading business brokerage firms in the Midwest. We specialize in representing manufacturing, distribution and service companies in the divestiture process. The Seller pays our fees; there is no monetary obligation to prospective purchasers. Premiers' expertise includes assisting in structuring the transaction and financing. We encourage you to make an appointment with the broker listed on this offering to discuss your needs, to obtain further information regarding the company you are inquiring about, and to receive information on other companies that may be of interest.

This company combines the full range of metal forming and finishing capabilities under one roof. Services provided include tool and die making, metal spinning and stamping, electroplating, e-coating, powder coating, polishing, and buffing. The company also handles sub-assembly and final assembly work.

Long established with a loyal, broad-based clientele, the company enjoys a steady stream of repeat business. Reputation and referrals bring in new accounts, as customers seek out this company's "one-stop" menu of services, top quality production skills, and timely service and delivery. With no formal sales or marketing outreach, the company has nonetheless developed a strong position in a number of markets, including advertising/display and contract lighting.

In addition to its solid manufacturing profile, this company is also fully compliant with all of the local, State, and Federal environmental regulations for its industry. Having received numerous awards for its efforts and success, the company continues to address environmental issues and is recognized as one of the top performers in the nation.

A long-tenured staff is in place across all company functions, and four key managers ensure that everything runs smoothly on a daily basis. The owner is only minimally involved in sales activity, and most customer contact is handled by the staff.

Due to its multi-faceted operation and with operating supervision in place, our client is excellently positioned for considerable growth in the hands of new ownership that can bring sales and marketing skills to the table. It would be an excellent strategic addition for a company seeking to add a midwest presence and/or a wider array of operational capabilities and customer contacts.

FINANCIAL HIGHLIGHTS

  2005 2004 2003 2002 2001
SALES $1,488,363 $1,464,193 $1,808,586 $2,298,062 $2,565,660
EBITDAS*
(Adjusted Net)
$    216,973 $    116,270 $    228,433 $    250,508 $    382,235

* Earnings before interest, taxes, depreciation, amortization, and full owner salary..

DEAL STRUCTURE

Reasonable Offers will be Considered

Included in the sale will be all furniture, fixtures, and equipment, free and clear of all liens. A complete equipment list is included in the Full Profile for this offering.

Fixtures and Equipment $447,000 Appraised Fair Market Value (minus removal costs)

The purchase price will also include the following working capital items whose values as of 2003 fiscal year-end are shown below.

Inventory $   81,810
Accounts Receivable $ 257,000
Total Current Assets $ 338,810
Accounts Payable $   27,000
Net Working Capital $ 311,810

The price will be adjusted at closing if the final Net Working Capital is more or less than the amount agreed upon in the Letter of Intent.

The real property on which this company operates is owned by the Seller and is available to be sold along with the company.

INFORMATION SUMMARY

  • Location: Chicago metropolitan area
  • Year Established: 1962
  • Ownership: "C" Corporation
  • Facilities: 42,000 square feet; property owned by Seller
  • Hours of Operation: Monday-Friday, 7:00 AM to 3:30 PM; some Saturdays
  • Employees: 25 full time; operational supervision in place
  • Reason for Sale: Other business interests
  • Training: As needed for transition

MARKETING AGENT

Premier Business Group, Ltd.
1130 Lake Cook Road, Suite 210,
Buffalo Grove, IL 60089
847/465-9000

This information is provided for discussion purposes only. No representation is made by Broker as to the accuracy of the information provided or any other information supplied. Broker encourages the Prospect to thoroughly review and independently verify to his own satisfaction that the information provided is substantially representative of the business activity.

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Premier Business Group represents manufacturing, distribution, and service companies with annual revenues in the $1-30 million range whose businesses are for sale.

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