Wednesday, 18 October 2017

Elegant Banquet Facilities for Weddings, Corporate & Social Functions (E Coast, USA)



Business Description: This family owned firm, in business for 45 years is 26 years in its current location. There are 150-175 annual weddings. Banquets, social and corporate add another several hundred events. This is an area that can easily be expanded, especially with the addition of a third banquet room.  On six acres of land, this enterprise calls for construction of a four story hundred room hotel. Over the past several years over $600,000 has been spent on upgrades and lighting.  The chairs, and other furniture are insured for $2,000,000.

Operational Strengths:  This facility sits on prime highway arteries, is close to major metropolitan areas, and this enterprise draws upon this East Coast region’s most voluminous amount of weddings. A four story one hundred room hotel will be a profitable complement to the existing facilities. A third kitchen is available for outside catering that is not now in use, but easily implemented. A second banquet room for 600-700 seating will add, upon completion, immediate growth and revenue of 50% or more.

The Transaction: This business will be sold with our without the land, at Buyer’s option. The current owner will remain as employee for up to five years or longer, as desired by Buyer. This enterprise, is poised to move forward with near time business growth of 25-30%.


Financial Summary, $000s

2017 Seller Forecast
2016
2015
Revenue
4,250
3,549
3,859
Adjusted EBITDA
525
354
536

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
East Coast
Reviewed
Yes
26
5812





Direct All Inquiries to:   Leonard Brownstein
                                                       Gottesman Company
                                                                                    
Refer to:  S-1868 LB
Tel: 732-972-8918


Thursday, 5 October 2017

Petrochemical & Marine Corrosion Engineering Co.- USA


Business Description:
Industrial and commercial engineering firm involved in the design, construction, testing , inspection, reporting, surveying, monitoring and repair of equipment, infrastructure and other material assets.

Distribution:
Core services include infrastructure design, project management, repair, corrosion engineering, cathodic protection design, multi-discipline engineering, storage tank inspection and repair, integrity testing and regulatory management and coatings engineering.  

Clients include one of the largest marine transportation and logistics companies in the Western Hemisphere, the U.S. Government and industrial contracts as far away as the Southern Hemisphere. Excellent reputation with clients in private and public sectors. The moving forward and diversified business model now includes electrical, mechanical, civil and materials engineering. Future work is already lined up in 2018 with a state government.

The Transaction:

Proven management and employees have excellent academic credentials and industry certifications and combine 180 years of professional experience.  Looking for Buyer who can take this company to the next level for decades to come and keep entire staff on. Most economists believe that the current downturn in oil&gas should see recovery in 2017 based on research done by both the Deloitte Center for Energy Solutions and McKinsey & Company. The later has stated "most outlooks call for supply and demand equilibrium in 2017". Despite the current downturn, DeaLogic data has shown that the oil & gas sector have been one of the top 5 worldwide for M&A activity for the last 3 years from 2015-2017.


Financial Summary

2017 (Jan-April only)
2016
2015
2014
Gross Revenue
$745,270k
$2.622MM
$2.229MM
$3.979MM
EBITDA
($78,006k)
$48,516k
($381,653k)
$631,452k (15.8%)

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC / NAIC
USA
Compiled
Yes
16+
8711 / 541330
Direct All Inquiries to:
Gottesman Company
Refer to:  S-1870 DGR
Tel: 212-330-8010   Fax: 646-434-4557
                                                        Email: office@gottesman-company.com

Freight Delivery Company, Midwest USA


Business Description:
Established in 1987, this freight delivery company is supported by a base of 35 full-time drivers, 5 part-time drivers and 13 full-time administrative, sales and warehouse employees.

Distribution:
The Company has 2 locations. One of them is in Virginia with 16,000 square feet warehousing space, 48 loading docks along 3 sides of access doors. Parking is available for 75 trucks. The Ohio location is a leased facility and is approximately 32,000 square feet of warehousing space.

The Company’s primary customers are in the transportation business which accounts for approximately 80% of revenues with manufacturing constituting the remaining 20%. They also have contracts for mail deliveries in Ohio which accounted for 35%, and in Virginia, accounted for 24% of 2016 revenues.

Operational Strengths:
The Company provides warehouse and cross-docking services, fleet staffing services and less-than-load (LTL) services.

The Transaction:
The owner would be willing to stay for 6 months to train and ensure a smooth transition. All offers will be considered.

Financial Summary

2017 Est by Seller
2016
2015
Revenue
$6.45 mil.
$6.40 mil.
$6.54 mil.
Adjusted EBITDA
$ 404k
$ 400k
$399k

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
Midwest
Compiled
Yes
33
4213

Direct All Inquiries to:
                                                      Gottesman Company            
Refer to:  S-2747-6 SJE
Tel: 212-330-8010     Fax: 646-434-4557

E-mail: office@gottesman-company.com

New York Electrical Contractor


Business Description:

Established in 1990, the Company provides design, engineering, and construction for public and private clientele in the retail, multi-family, public institutions and government buildings with the majority of clients based in New York and the Mid-Atlantic regions of the country. The Company’s facility contains a prefab shop which is equipped to support pre-construction and installation activities. The Company currently employs between 100-120 full-time employees depending on the number of projects being worked on. The staff are spread across the following 7 departments: Estimating and Sales (6), Executive (1), Construction (6), Accounting (3), Administration (2), Education/Safety (1), and Field (80-100).

Distribution:
In 2016, the Company’s services by percentage of sales were attributable to the following project types: electrical wiring (new buildings)=59%, electrical wiring (building renovations)=31% and solar=10%. The Company prides itself on maintaining long term, customer relationships. However, projects can vary in scope and duration throughout any given year. In 2015, 61% of total revenue was from repeat business.

 Operational Strengths:
·         Strong Balance Sheet-Current ratio 4:0
·         Audited Financial Statements-Gross Profit of 19% in 2016
·         Good Historical growth-CAGR of 17.4% over the last 3 years

The Transaction:
Ownership is willing to stay for 1 year to ensure a smooth transition. The owner is selling because he wants to retire. All offers will be considered.

Financial Summary

2017 Est by Seller
2016
2015
Revenue
$21 mil.
$ 19.5 mil.
$21 mil.
Adjusted EBITDA
$1.2 mil.
$ 800k
$1.0 mil.

Other Highlights
Location
Financials
Management Team
Years in Business
SIC Classification
East
Audited
            Yes
27
1731

Direct All Inquiries to:
                                                        Gottesman Company            
Refer to:  S-2747-8 SJE
Tel: 212-330-8010     Fax: 646-434-4557

E-mail: office@gottesman-company.com