$Seller Financing Available
| Asking Price |
$285,000 | Inventory |
$103,400** |
|---|---|---|---|
| Gross Income |
$1,012,000 | Real Estate |
$325,000** |
| Cash Flow |
$61,700 | Year Established | 1985 |
| FF&E |
$61,465* | Employees | 16f 7pt |
* included in the asking price
** not included in the asking price
Brokers Summary: If you can ID markets represented by current customer, have discipline to find customers in each, are able to present your products & capabilities to them & fill their needs (largely by phone, email, etc - little travel), have courage to set prices to get paid reasonably for your work, & can motivate & lead a semi-skilled team, then you ought look at this one! Seller has run this company to his level of personal satisfaction. He has never employed sales people & has preferred personally not to be an aggressive seller. Company has grown principally by word of mouth. Outlined in the Offering Memorandum are concrete steps to grow the business based on our several decades of operating management & consulting experience which we will review with interested Buyers. Email Kris@Broadbridgeinc.com for an NDA & 44pg OM. Company has been designing & producing quality custom cases for 50 years. It sells nationally to a broad customer base by industry. It s not dependent on nor vulnerable to any product or customer niche. Common denominator of customer profiles is a reasonably costly product deserving appealing presentation or protection. Value proposition is hand-made craftsmanship & quality materials, with a commitment to affordable pricing & on-time delivery. Company is shorter run (generally 25 to several hundred) repetitive make-to-order as well as custom runs sold wholesale to OEM manufacturers. It offers customized design & a wide variety of materials - Aluminum, wood, leather, vinyl, Cordura nylon, plush interiors, & quality hardware. Customer profiles include: Museums, art, antiques collectors; Health care - medical instruments, training equipment; Recreation - firearms, skis, pool cues; Industrial - measuring instruments; Entertainment - musical instruments; Education - teaching & training devices; Business - quality products; Electronics - testing equipment.
Attachments: Download additional information (PDF)
Facilities: The Company operates out of a well-maintained 10,000 square foot facility in an Industrial Park. The Offering Memorandum describes the building in detail. An appraisal is available dated May 2007. The production equipment is listed in the OM. Per the Seller 1) the equipment is well-maintained. Within the last year - two many pieces have been replaced according to the Seller s habit of orderly programmed upgrade of productive assets. No significant capitalizable equipment expenditures nor annual tool expenditures are necessary
Competition: The Seller believes the custom case market is as good as it s been since 1985 when he purchased the company and in fact is less competitive. There is a return to custom leather and leatherette cases to present and protect quality products and a turning away from utilizing plastic. Many old-line custom case makers have shut their doors. New customers report they are not finding many supplier alternatives. The Seller finds the fierce competition among plastic case manufacturers does not materially impact the custom case market.
Growth/Expansion: The Seller is strongly confident that a new owner can grow the company markedly if they wanted to accept the manage issues and challenges that come with fast growth. The Seller has consciously elected not to undertake these issues and challenges, and has grown the Company at a rate which has pleased and satisfied him. The OM sets forth specific activities which can be implemented and Kris Kavelaris the Broker can, based on his operating / consulting experience review and analyze these with the buyer.
Seller Financing Available: Yes
Financing: Seller will consider holding 10% of ask price
Support/Training: The Seller will be available on or off-site or by teleconference 1) for up to 4 hours per day for two weeks after closing at no charge. 2) up to 4 hours per week for the balance of 2 months at a To Be Determined hourly rate. 3) beyond the times stated previously as his schedule permits on a To Be Determined basis for a To Be Determined hourly rate.
Reason Selling: After twenty two years running the company the Seller simply wishes to retire

Kris Kavelaris, Broker
262-369-0787
Broad Bridge, Inc.
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