Wednesday, 29 August 2018

S-191-16 JWT Painting Contractor Company (US)




Business Description: The Company is a painting contractor that primarily provides large scale/high volume residential painting of subdivision development projects.  The Company serves most major homebuilders, both private and public companies, in its micro-region.  Of the top 30 developers in the Company’s geographical area, 25 of them work directly with the Company.  The Company also provides the re-painting of hospitals and existing apartment complexes (some of which are 10-years contracting cycles), thereby also supporting diversification during economic cycles. 


Operational Strengths: The Company prides itself on quality and value i.e. not being the cheapest or low bid provider.  With its high margins, more competitive pricing could increase revenues and total profits while still accomplishing industry norm margins.  Other than being a member of the Builders’ Association, the Company performs very little marketing efforts, thereby providing a tremendous opportunity for increase in critical mass by an acquirer.  Current owners (near retirement) do not wish to take on any assertive growth opportunities.

The Transaction: The owners wish to retire but are amenable to be involved in post-acquisition transition activities.  The Company has a solid management team that wishes to continue and expand the business. 

Financial Summary

 2018 Est by Seller
2017
2016
Revenue
$24.0M
$22.5M
$22.6M
Adjusted EBITDA
$4.6M
$4.5M
$3.1M


Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
Western U.S.
Compiled
Yes
30+
1721
   
Direct all Inquiries to:

Gottesman Company
Refer to:  S-191-16 JWT
Tel: 212-330-8010     Fax: 646-434-4557
                                      E-mail: office@gottesman-company.com

S-2942-2 JPN PERSONAL GROOMING-BROW THREADING COMPANY (US)



Business Description: The Company is a well-established pioneer and market leader in the brow threading niche of the beauty industry. The exceptionally high (66%) gross margins, recurring monthly income stream through membership subscriptions, add-on revenue sources, and potential for rapid growth will provide a strategic or financial acquirer with strong cash flow and a rapid ROI. Well positioned in the $65 billion beauty market, the Company benefits from predictable consumer spending, even in economic downturns. Its steady, growth rate can scale more rapidly by expanding the sale of beauty products/makeup services and expanding retail locations directly or via a franchise model. The slight revenue decline in 2017 due to increasing membership sales will provide long-term recurring income. To improve operations, the Company closed several underperforming locations and adjusted its location criteria.

Distribution: The Company delivers its services at 64 locations in US shopping malls.

Operational Strengths: Its business model includes offering reasonably priced products and services that are easily accessible to consumers, including monthly memberships. Many of its loyal customers opt for the membership package since well-shaped brows require regular maintenance. Additionally, in 2017 they increased the number of locations where they offer add-on services: lashes, tinting and makeup. The income generated by these add-on services has been substantial. The Company provides a great opportunity for other beauty and personal grooming companies looking to expand their market penetration, or to serve as a cash flow generator for a buyer interested in entering these markets. Operating margins which exceed 12% are driven by a strong brand and social media visibility.

The Transaction: The founders who control 100% of the Company’s ownership, plan to exit the brow threading retail activities post-acquisition, and focus on growing their makeup line. They will sign appropriate non-compete agreements and be available for a seamless transition.

 

Financial Summary

2018 Est by Seller
2017
2016
Revenue
$17.2 mil
$17 mil
$18.4 mil
Adjusted EBITDA
$4.4 mil
$4.3 mil
$4.4 mil

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
64 Locations
Reviewed
Yes
15+
7231, 7299, 8999

  
Direct all Inquiries to:

                                                       Gottesman Company                  
Refer to:  S-2942-2 JPN
Tel: 212-330-8010     Fax: 646-434-4557
                                       E-mail: office@gottesman-Company.com

S-1880 MHS-MJK Electrical Supplies & Equipment Wholesale Distributor (New York City)




Business Description: The Company provides electrical equipment and supplies to electrical professionals, contractors, project managers, engineers, and others working on commercial, industrial, residential, or marine projects. This is a value added distributor offering customers additional valued services - next day delivery, cutting & paralleling, job quotations, credit terms, and more.

The company has been a family owned and operated enterprise for more than 50 years. The company serves all 5 boroughs of New York City, and in addition makes deliveries to Westchester, Rockland, Long Island and New Jersey.

This business has been a consistent money maker for its owner. Always profitable, the company produces an adjusted EBITDA of 8.5% - about 55% above the industry average!

Transaction: The owner is looking to exit the business into retirement. He is offering 100% of the business for sale. The owner is willing to stay on for a reasonable transition period, post transaction. He has a very capable and enthusiastic management team in place that can run the business in his absence.

Financial Summary ($000s)

2018 Est by Seller
2017
2016
2015
Revenue
10,500
10,184
9,978
9,754
Adjusted EBITDA
950
855
891
711

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
New York City
Compiled
Yes
50+
5063


 Gottesman Company

Refer to:  S-1880 MHS-MJK
Tel: 212-330-8010     Fax: 646-434-4557