Mfg. - Fabricated Metal Products | Mfg. - Furniture and Fixtures

$Seller Financing Available

Asking Price	$6,000,000	Inventory	$511,318*
Gross Income	$5,091,310	Real Estate	$1,300,000**
Cash Flow	$1,132,578	Year Established	1985
FF&E	$552,565*	Employees	50

* included in the asking price

** not included in the asking price

Wisconsin Firm engaged in the innovative design, engineering and manufacture of high-end stainless steel furniture and furniture components. It manufactures Private-label products that are flawlessly designed and engineered for select high-end and rapidly expanding furniture retailers operating stores across the US. The Company has developed specialized machinery and manufacturing processes that enable it to produce elegant table and furniture bases at competitive prices with excellent profit margins. Revenues at $5.1M have grown at an annual rate of 28% during the five years to 2007. Management reports current revenues are on track for another year of 20 plus % growth, forecasting $6+M for 2008. The company s consistently strong growth, and this during a period of economic downturn for other manufactures, is poised to continue well into the future as their primary customers, armed with strong expansion plans of their own, have given every indication that their appetite for the company s excellent products will continue to grow. With cheaper goods from low cost Asian economies posing a threat to many US manufactures, the Company s exceptional engineering and design quality, quicker delivery and production flexibility have strongly and successfully incentivized its customers to continue purchasing domestically. It produces as many as 4,000 steel furniture frames per month, with lead-times of less than four weeks. Even the special custom sizes are produced with this short lead-time s not an option for Asian sources. This outstanding company is wholly owned by its founder who is 66 years of age and wishes to retire from full-time responsibilities while continuing on with the company as a key resource for product design and development innovation. The Company President, who is the owner s son and has been with the firm since 2002, is willing to continue the company's dynamic growth with new owners. To receive the full memorandum, complete the attached NDA.

Attachments: Download additional information (DOC)

Facilities: The excellent 30,000 sqf facility is held in a separate LLC and owner will lease or sell RE with business. The entire property was appraised in September, 2007 at $1,210,000 after the Company added 8,750 sq. ft. of space to accommodate expanded welding and grinding areas. It also added a new state-of-the-art 50 hp air compressor and distribution system. The factory's electrical power system was also upgraded to 480 volts. After the appraisal was completed seller then added a 100k parking lot. Thus total value of real estate is estimated to be 1.3M.

Competition: The company has built great reputation with its key customers and enjoys long-term customer loyalty. Domestic competition is a low-level threat. Keeping its customers uninterested in changing sources is fundamental to the Company s mission. While outsourcing is always a threat, the company has taken market share from overseas competitors by providing superior product, service & delivery. During a five year period of relative low growth and cross boarder outsourcing, the company has experienced tremendous growth in revenue & profitability.

Growth/Expansion: The company has had very strong historic growth--28% CAGR since 2003. With very strong demand from its existing customer base, its future looks even brighter. Its top customer has plans to double in the next five years and its number two client has over 300 stores and an ever-increasing appetite for the company s products & services. Management believes the company will grow well beyond its existing size. In 07 they added 8,000 sqf of production facilities and have already maxed out that space.

Seller Financing Available: Yes

Financing: Seller will consider full or partial financing for qual buyer

Support/Training: The owner intends, after a reasonable transition period, to retire from full-time responsibilities but is amenable to some sort of ongoing consulting and design work. The owner's son and company President, subject to the parties arriving at acceptable terms and conditions, would like to continue on as president with new ownership.

Reason Selling: Owner is 66 years of age and wishes to retire