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Eastern OR Niche Service Co. w/ Real Property
Due to the nature of this particular industry and the market share which this company holds,
the industry description has been withheld for confidentiality purposes.
This business was started in the early 1990’s by its current owner. Almost without fail it has grown every year since its humble beginnings. With 2006 sales clearing $1.1M, 8 employees, and adjusted earnings of over $400K, it has grown into a very respectable company which continues to dominate the regional market share.
A distant cousin to the construction industry, many industry members believe it to be ‘recession proof’. And, though improbable, the industry itself is not at all dependent on interest rates or ability to qualify for a loan. With ‘recast earnings’ typically between 30% - 38%, this company proves its efficiency with adjusted earnings ranging between 35% and 41%. It’s clear that the industry and this company both enjoy their position in the marketplace.
Operating from a custom designed and recently remodeled building (Approx. 8,000 SF) on a highly visible ‘light industrial’ zoned 1.5+ acre lot; this business has plenty of room to expand.
This business is located in a rapidly growing, closely knit community. Located in the ‘dry’ part of the state it offers plenty of sunshine and is close to many recreational experiences. In addition, they have an excellent school system- based on test scores one of the best in the state.
SALES PRICE:
$1,360,000
(Including real property and all business related assets; tangible and intangible.)
REASON FOR SALE:
According to the Seller, “By owning and operating a successful business, we’ve reached our financials goals. It’s now time to focus on family and the next chapter of our lives.”
STRENGTHS
FINANCIAL SUMMARY:
(Approx.) 2005 2006 2007 (12.31.07)
Gross Sales: $990,000 $1,125,000 $ 930,000
Net Profit: 236,000 330,000 211,300
Recast Earnings: 180,000 153,000 203,900
Annualized CF: 416,000 484,000 415,000
* Please see broker for 2007 numbers explanation.
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