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Listed by:

Lingate Financial Group

Manufacturer Distributor Of Premium Construction Materials For Sale

Minnesota, US
Asking Price:
$6,900,000 (USD)
Sales Revenue:
$13,300,000 (USD)
Cash Flow:
$1,300,000 (USD)

Well-established manufacturer and B-to-B distributor of premium materials used in residential and multi-family construction. The company is well known in its industry for their product innovation and quality, ease of ordering, responsiveness and on-time delivery. The company’s products have always been in demand and new product innovations released in the last five years have been very well received in the market. 2021 year-end revenue was $13.3 million, up 18% from $11.2 million in 2020. 2021 adjusted EBITDA was $1.3 million, up over 300% from 2020 adjusted EBITDA of $410,000. Projected 2022 revenue and earnings are expected to be $14.4 million and $1.4 million, respectively. The management team has identified a number of new revenue and profit opportunities available to the buyer to continue growth and reduce labor costs.

The company has approximately 90 highly trained and experienced non-union employees, including a full management team that manages the day-to-day business. The owner serves in a governance role and is semi-retired. All of the management team and employees are expected to want to stay on with the new owner. The owner is committed to an orderly transition of up to one year and then would like to retire. He is also open to retaining an equity position in the company. The business is valued at $6.9 million on a debt-free basis and includes $1.2 million of working capital. Sign and email the uploaded NDA to the broker to receive a copy of the 29-page marketing memorandum.

Property Information

Real Estate:

Lease

Premises Details:

The company leases a 64,000 sq. ft. headquarters and production facility with sufficient space for current operations and growth, as well as available space for building expansion.

Size in square feet:
64,000

Business Operation

Expansion Potential:

The management team has identified a number of new revenue and profit opportunities available to the buyer to continue growth and reduce labor costs.

Reasons for selling:

Retirement

Employees:
90 non-union employees
Years established:
1980

Other Information

Support & training:

The owner is committed to an orderly transition of up to one year and then would like to retire.

Financing available:

The owner is open to retaining an equity position in the company.

Related Documents:

Contact Lingate Financial Group

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