Enterprise Development Resources | Cleveland Business Broker | Ohio Business Broker | Cleveland, Ohio Business Intermediary | Elias Ladon

Listing Information

Manufacturing
Listing ID: ManufacturerofArchitecturalProductsNServices	Location: Cleveland, OH
Brief: MANUFACTURER & MARKETER OF ARCHITECTURAL PRODUCTS FOR COMMERCIAL & RESIDENTIAL USE IN OHIO & OTHER STATES. This is a company that has been around since the 1800's. The company's business is not tightly coupled with the new construction business cycle although a healthy growth in this business would help. The company's industry has enjoyed a growth that has been leveraged by improvements in the key structural materials used for the fabrication of its products as well as energy and environmental protection benefits enjoyed but the users of its product. This Architectural Products and Services Industry (the industry segment is not disclosed due to confidentiality reasons) is led by a very active Industry Association that has its beginnings at the beginning of the past century. The Seller acquired this business in the mid-90's and in the last few years he founded another company that he wants to grow. As a result, he has decided to sell this one so that he can focus on the growth of the other business he has. In 2009 which was a difficult year for Ohio and the US the company remained profitable. KEY FINANCIALS: The company's past 3-year average revenues were $2.3 Million and its 3-year average cash flow to the owner was $258,482 (with $241,513 in 2009). The company has about 20 employees with a sales team led by the Seller. ======================================= Enterprise Development Resources, Inc. is neither a Broker-Dealer nor a registered Investment Adviser. Where applicable, securities transactions are conducted by Reliance Worldwide Investments, LLC, member FINRA, MSRB, and SIPC.

Listed Price:

$1,250,000

Total Sales:

$2,137,356.00

Seller's Discretionary Earnings:

$241,513.00

Fixtures Furniture, & Equipment:

(Included in Listing Price)

Real Estate:

Inventory:

(Included in Listing Price)

Financing / Terms:

Seller will consider holding a note depending on the credit worthiness of the Buyer.

Business Information

Year Established:

Number of Employees:

5 Full Time / 20 Part Time

Days and Hours of Operation:

Relocatable:

Franchise Information:

Not Applicable

Facilities / Location:

Located in the a building owned by the Seller's family.

Lease Information

Lease Expiration Date:

Option:

To be agreed with the Seller.

Monthly Rent:

Additional Information

Reason for Selling:

The Seller acquired this business in the mid-90's and in the last few years he founded another company that he wants to grow. As a result, he has decided to sell this one so that he can focus on the growth of the other business he has.

Business Description:

MANUFACTURER & MARKETER OF ARCHITECTURAL PRODUCTS FOR COMMERCIAL & RESIDENTIAL USE IN OHIO & OTHER STATES. This is a company that has been around since the 1800's. The company's business is not tightly coupled with the new construction business cycle although a healthy growth in this business would help. The company's industry has enjoyed a growth that has been leveraged by improvements in the key structural materials used for the fabrication of its products as well as energy and environmental protection benefits enjoyed but the users of its product. This Architectural Products and Services Industry (the industry segment is not disclosed due to confidentiality reasons) is led by a very active Industry Association that has its beginnings at the beginning of the past century. The Seller acquired this business in the mid-90's and in the last few years he founded another company that he wants to grow. As a result, he has decided to sell this one so that he can focus on the growth of the other business he has. In 2009 which was a difficult year for Ohio and the US the company remained profitable. KEY FINANCIALS: The company's past 3-year average revenues were $2.3 Million and its 3-year average cash flow to the owner was $258,482 (with $241,513 in 2009). The company has about 20 employees with a sales team led by the Seller. ======================================= Enterprise Development Resources, Inc. is neither a Broker-Dealer nor a registered Investment Adviser. Where applicable, securities transactions are conducted by Reliance Worldwide Investments, LLC, member FINRA, MSRB, and SIPC.

Potential for Growth:

A more focused owner that then current owner is (he is now working on growing his other business as well) would help. Putting more energy into growing into contigous cities would also hep. Another opportunity would also come from acquiring similar companies in other mid-western states and enjoy some economies of scale.