Financial Highlights:
REVENUE:
$500,000
EBITDA:
$150,000
LOCATION:
North West
Market Size:
UNKNOWN
Competition:
Direct Fiberglass Rigid: DinghyUS
Rigid Inflatables: Zodiac and Achilles
Competitive Advantage:
Stability (catamaran hull design / extra wide beam / minimum draft)
Selection (7 Models 7.5' to 18.5')
Quality (40 years of evolvement)
Cost ( 1/2 the price of rigid / inflatables)
Quick Delivery (special orders)
Brand Recognition (Livingston)
Exit Strategy:
Owner Flexible - Asset Sale or Deferred LBO Strategy
Acquisition Highlights:
Profitable (30% to 50% ebitda to revenue ratios),
Modernized Mfg Facility with 5,000 unit capacity ( one shift ),
Title 5 Permit ( 24 hour production would not exceed emission limit )
Expansion Capacity ( 50,000 sq ft factory on 8.78 acres - lease or purchase option )
Unique Product Line ( 7 models)
Brand Recognition (Livingston)
Established Dealer Network.
Project Overview:
This well known 'branded' boat manufacturer, with national distribution and excess capacity could be expanded organically, by acquisition and by adding new fiberglass products, thereby utilizing both the excess plant capacity and the 'Title 5 Permit' for fiberglass emissions. This operation was acquired three years ago, with the new ownership investing in a complete modernization, expanding the dealer network to initiate a turnaround initiative. The owner, with other varied business interests is interested in divesting his involvement in this venture.