Business Summary:
Because this is a distress sale, the owner will consider any quick offer. If you’re looking for a bargain due to the current economy, this is it.
This 50-year old company with an outstanding reputation was doing almost $2 million in revenue as recently as 2005; however, the recession has hit this business hard, and the owner must sell.
The company is located on the Central Gulf Coast in the Mobile / Baldwin area. Moody’s Research Group recently predicted that the Mobile economy would have the fastest growth rate over the next five years of all 363 metro areas in America! Additionally, Mobile was named by Entrepreneur Magazine as the number one city in the U.S. to start or grow a business. The largest steel processing plant in the history of this country is under construction in Mobile County, and the company will employ 29,000 workers for a 5-year period in the construction phase.
The Baldwin County market was recently ranked by Policom, a firm that studies local markets, as the 11th strongest micropolitan economy in America and the number one local market in the 6 state region! This is out of the 674 local markets studied by Policom.
There is absolutely no doubt that the company’s revenue and profits will return to historical levels (and grow from there) once the economy recovers. But this is an urgent situation and must be acted upon quickly if you want to take advantage of this rare opportunity to buy a 50-year old company with an outstanding name at a rock bottom “victim of the economy” investment.
For additional details, please pick up the phone and call William Bruce at (251) 990-5910 or (251) 626-4949.
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