Business
Description: This Blind & Shutter Company has been a
trusted seller and manufacturer of window and door coverings in the
Mid-Atlantic for over 19 years. The company manufactures top-quality,
competitively-priced, blinds, shades, and plantation shutters covering French
doors, odd shaped windows, sliding glass doors, entertainment centers and more!
.
Distribution: The primary market consists of specific counties
in the Mid-Atlantic. However, as the population grows in the area, the
potential for growth (especially in coastal areas where plantation shutters are
a big necessity), is enormous. Currently,
the company focuses on retail sales to home-owners. However, at one point the
company was a major supplier for a local competitor as well as builders.
Operational
Strengths:
Very hands–on approach to business and
customer service. Materials consist of containers of Poly-vinyl purchased in
pre-fabricated slats. The supply-chain for materials is solid. The
manufacturing facility operates with very lean staffing for production, including
machines for cutting, drilling, and stapling. In–house manufacturing and
processing aides in quality control oversight. The facility currently operates
at 90% capacity with one labor shift.
Owners have
lowered cost of materials by 50% with flat sales performance - increasing
profits by 50% over the past year.
Shutters,
blinds and solar shades are competitively priced based on the custom order’s
size and quantity.
The
Transaction: The Owners have been business owners in some
capacity for over 30 years and are ready for a lifestyle change. They’ve
dedicated the last 8 years to developing and advancing the blind and shutter business
and have now decided it’s time to move on. They do not have a successor and
therefore intend to sell 100% of the business.
They consider
their employees extended family and want to ensure they leave the business in
excellent condition with the new owner. They are willing to stay on during the
transition for a period of time to help cultivate plans for growth and
expansion.
Financial Summary
(000s)
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2019 Est by Seller
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2018
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2017
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Revenue
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2.065 M
|
2.461 M
|
2,473 M
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Adjusted EBITDA
|
.579 M
|
.251 M
|
.419 M
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Other Highlights
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Location
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Financials
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Management Team in Place
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Years in Business
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SIC Classification
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Southeast
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Compiled
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Yes
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19+
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2591, 5719, 5084
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Direct All Inquiries to:
Gottesman Company
Refer to: S-1996 KAD
Tel: 718-618-5346 UK Office: +44 (0) 7906786505
E-mail: dmj@gottesman-company.com