Acquiring a 29 yr old niche Trademarked industrial product company with 60% GM, and 30-40% NP. Buying from a semi-retired owner to inject fresh energy.
Stage
$1M in TTM Revenue
Industry
Industrial/Energy
Location
Orlando, FL, US
Currency
USD
Founded
1991
Employees
1
Incorporation Type
C-corp
Company Summary
Trademarked industrial product established for 29 years, with 60% GM. Exceptionally low overhead, 1500 engineered products in design library. Retiring owner has not been proactive the last few years, many opportunities to grow with experienced new owner.
New owner putting $175k down, raising additional $75k in preferred stock - preferred dividend rate to be agreed. Stock buyback 2-3 yrs. Remainder of purchase is a traditional SBA loan.