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    0 Replies Latest reply on Jul 8, 2008 4:59 PM by M_A.expert

    CT based company for sale ($6M in revenue & $600K profit)

    M_A.expert Wayfarer
      Please contact www.efficientevolutions.com if you are interested in acquiring this company.

      As a "Systems Integrator", The Company provides a "one-stop-shopping" business model for new home builders and remodelers. They install central vacuum systems, security systems (and monitoring), sound systems, structured wiring, shelving, shower doors, mirrors, and bath accessories, and provide builders and home remodelers with "one-stop-shopping" services for their home improvement needs. Residential and commercial security systems are a growth focus in 2008.

       


      During the last fifteen years, The Company has grown from $500,000 to $7.0 million in annual revenues. The Company's profitability has not been impacted by the recent crisis of the US real estate market: net profits adjusted for discretionary earnings in 2007 were only 1.2% below 2006 and an impressive 38.7% above 2005 adjusted profits (year in which the real estate market peaked). 2007 discretionary earnings were at about 10% of revenues.

       


      The Company has two locations in New England with almost 40 employees serving over 2,500 builders and 18,000 total customers in Connecticut, Westchester County, NY, and western Massachusetts. Both offices are leased and the Company utilizes a new computerized dispatch system that provides a lower cost of operation, more accuracy, and greater efficiencies in the customer service areas.

       


      The top 10 customers represent less than 15% of total sales, and the top ten vendors represent only about 55% of the Cost of Sales. The Company has a qualified management team in place, certified employees for installations, an Employee Manual, benefits coverage, and insurance coverage. The Company utilizes no subcontractors and is non union.

       


      Their competition consists of "mom and pop" operations with a limited product and services range. The Company is the largest privately held one of its kind in New England.

       


      The Owner:

       


      The Owner of the Company controls 100% of the voting stock. He is flexible when it comes to transitioning with a new owner, leasing, or selling, one facility which he owns, and continuing his excellent industry relationships. The Company is positioned to double in annual revenues in the next five years with new ownership in place.

      Please contact www.efficientevolutions.com if you are interested in acquiring this company. A detailed Offering Memorandum is available for qualified buyers.