Business Summary:
The March Group currently represents a very profitable and growing engineering firm specializing in high quality custom engineered and designed heaters and coolers for industrial customers. With an order backlog exceeding $2.4 million, the Company is poised to achieve $2.7 million in revenue and $1,141,000 in EBITDA in FY 2009. The customer base is composed primarily of utilities, industrial manufacturers, and the paper and pulp industry throughout the U.S., and to a lesser extent, Canada and overseas. Enjoys a significant degree of manufacturing capability, as all manufacturing work is outsourced to ASME-certified contract manufacturers. A proprietary software was developed by the Company and modified using purchased off-the-shelf applications, allowing for modifications to parameters to maximize efficiency and help to meet specific project and customer needs. An impressive product portfolio and diverse customer base result in an estimated 90 to 95 percent rate of repeat business and help ensure continuity of operations. The Company leases a 1,000 square-foot office facility from a third party at the fair market rate. The existing facility is sufficient to support pro forma growth projections. The owners are committed to remaining with the firm for an agreed upon period following a sale to help the Company realize its pro forma objectives.
|
|
|
| |
|
| Year
Business was Established: 1990 |
| |
|
| Number of Employees:
2 |
|
| |
|
| Facilities / Terms of Lease:
Operates from an office facility totaling 1,000 square feet; all of the manufacturing processes are outsourced to reputable, high quality, ASME-certified contract manufacturers in the Company’s vicinity. The facility is leased from a third party at the fair market rate of $7,150 per annum. |
|
| |
|
| Potential
Growth/Expansion:
Historically, the Company has relied primarily on repeat business and customer referrals to attract new business. In addition, the Company currently utilizes the services of six commissioned sales professionals. Growth to date is also the result of the creation and maintenance of excellent relationships with numerous clients in a wide range of industries. Moreover, the owners have been instrumental in building the Company’s account base and financial strength through their extensive industry experience and product knowledge. The owners are proud to have built a company with a healthy diversity of customers, a firm commitment to customer satisfaction, and a favorable reputation in its markets. They are also aware that the Company’s high level of service plays a key role in attracting new accounts, as well as in preserving and growing existing accounts. |
|
| |
|
| Owner
willing to train:
The owners are amenable to remaining with new management during a transition period. |
|
| |
|
Seller Reference Number: 2495
BusinessMart.com Listing Number: 58539 |
|
|
To request more information
on this business
please fill out the form shown right 
|
