Business For Sale Listing 152075
Agricultural Equipment Short Liner
Status as of Jan-7-2009 at 06:00 PM: Active
Business Summary
Our firm currently represents a niche manufacturer of a line of farming implements, which boasts close to a 40 percent market share. 2007 sales and EBITDA of almost $2.4 million and $400 thousand, respectively, which represents an EBITDA margin of 16.67 percent. EBITDA has steadily increased over the past several years, stemming from changes in operating expenses, capital purchases and increased sales, a trend that is expected to continue into the future. Requiring approximately 80 man hours per unit to manufacture, products are widely recognized as the longest-lasting and highest quality in the market, with an average lifespan of more than 10 years. Sales are generated through three channels: dealers who sell to end users (75 percent), direct to end users (15 percent), and distributors who sell to dealers (10 percent). Sales efforts have historically been led by one in-house salesperson, with a core of three local dealers accounting for 50 percent of sales - leaving significant room for market expansion. Recently hired manufacturer’s representative is expected to generate increased sales across the southern Midwest. Average production is up to 160 from an historical average of 130, with a continued rise projected over the pro-forma period. Available for sale along with the business, the Company’s facility is situated on six acres and consists of 6,000 sq. ft. of production space, a 3,000 sq. ft. paint room, and 1,800 sq. ft. of office space. Organized as a sub-chapter “S” corporation.
Categories
Industry
Location
Financials
| Sales: |
Between $1 Million And $2.5 Million (2,400,000) |
| Profits: |
Between $100 Thousand and $500 Thousand (400,000) |
| Profit Type: |
Earnings Before Interest, Taxes & Depreciation (EBITDA) |
| Asking Price: |
Not Disclosed |
