Home > DealMart
Verified

 

 

 Industry classification:

NAICS 332900: Other Fabricated Metal Product Manufacturing

JAVELIN is a Mold Building and Mold Maintenance Facility that uses the latest technology milling machines, EDM stations, surface finishing machines and highly sensitive inspection equipment to ensure molds are built with precision.

Investment Highlights

  • Team of 7 experienced toolmakers with an average of over 17 years of industry experience
  • Expertise and skill have customers returning time and time again
  • Loyal customer base providing $1 million per year in annual revenue
  • Specialize in the design and build of tools that run in captive molding operations
  • Tool sizes range from small tonnage up to 1000 ton
  • Tools are intuitive, with longevity and ease of maintenance built into the design
  • Operational excellence – established and experienced team has strong reputation with customer base
  • Service and total customer commitment are cornerstones of the business
  • Full complement of tool making equipment
  • Tool repair experience and expertise
  • Software used: Peachtree and GibbCam
  • Currently has limited sales and marketing activity

 

2016 Projections Actual for 6 months ended 6/30/16 Actual for 12 months ended 12/31/15 Actual for 12 months ended 12/31/14 Actual for 12 months ended 12/31/13
Revenue $1,000,000 $519,466 $1,154,458 $1,141,332 $1,906,348
Gross Profit1 $137,060 $60,337 $121,426 $31,150 $385,734
Net Income $0 ($9,987) ($18,076) ($107,936) $238,294
EBITDA2 $147,200 $68,117 $132,375 $40,094 $391,221

 

1Represents Gross Profit before internal rent charge and business insurance

 2Represents EBITDA including administrative staff and professional expenses for accounting and tax                      

 

Exit Strategy

Owner has decided to sell since JAVELIN is not strategic to their primary business. The buyer of the business would need to move the business out of its current facility within a reasonable amount of time after purchase.  The owner is committed to working with the current strong management team and the new owner on a transition plan.

 

Process

Upon execution of the non-disclosure agreement, interested parties will be provided with additional information.  Please contact us to begin this process.

MBBI Member
Asking Price
$600,000
Gross Revenue
$1,000,000
Cash Flow
$150,000
State(s)
Wisconsin
Metro Area
Milwaukee, Sheboygan
Is this a franchise?
No
Home Based?
No
Can the business be relocated?
Yes
Number of Employees
7
Year Established
1986
Seller Financing Available?
Seller will consider an earn-out or note to complete transaction
Company Structure
LLC
Facilities
There are no facilities included and the seller is looking for a buyer to relocate the business within 90 days.
Reason for Selling
The operation is no longer strategic to the seller.
Market Outlook Competition

The business has been very stable and there is a very predictable and steady stream of business to include ongoing business from the seller.

Management Support
N/A
EBITDA
$150,000
Real Estate Included?
No
Equipment Included
Yes
Equipment Value
$550,000
Inventory Included?
Yes
Inventory Value
$150,000
Cash Flow Comments

Cash flow has been very steady and show continue to grow.

Gross Revenue Comments

The company has generated over $1MM of revenue over the last 4 years. This has come with little sales effort. The current owner will continue to use Javelin for its needs and with the outstanding customer list should allow a buyer to profitably grow the business with little effort.

Name
John Kielich