Recreational Vehicle Motorhome Manufacturer
Location California,United States
Asking Price Range $20.0M - $35.0M
Gross Revenues $5000000
Net Profit / Cash Flow $2500000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1987
Number of Employees 50 - 99
Inventory 25000000
Relocatable Not Disclosed
Number of Employees 50 - 99
Real Estate Owned
Training Yes.
Description - MANUFACTURES A FULL LINE OF CLASS A & CLASS C ''RV'' MOTOR HOMES (RECREATIONAL VEHICLES).
- REAL ESTATE VALUE $15-20MM; FAIR MARKET VALUE OF OTHER TANGIBLE ASSETS $10MM (NOT INCLUDING RECENTLY AWARDED HIGH MARGIN PRODUCT PATENTS AND A $10MM+ NOL); TOTAL LIABILITIES OF $5MM.
- HIGHEST YEAR PRETAX PROFIT OF $8.9MM.
- Management expects to be at a revenue run rate of $2,000,000 per month by the end of 2006. Though prices vary by model the average sales price is $100,000 per unit sold to dealers (RV Centers). The current manufacturing plant has the capacity to produce eight coaches per day, generating over $17 million per month. This Company has lead the RV industry in product design and development. With a very loyal customer base and approximately 15,000 of their RV's currently on the road The Company still maintains a perfect safety record (zero reported injuries from either the DOT or the NTSA).
- The Company was recently granted two U.S. patents which allow them to produce an RV with the most square feet available in any Class A motor home built by any manufacturer.
- Management believes that with a $6 million cash infusion annual revenue can grow to $50 million within the first year. Profits and cash flow should support additional growth and the current plant capacity of $200 million in annual revenue can be reached without the need for any additional capital infusion. In a few short years the company could reach $100 million in annual revenue by obtaining less than 4% of the RV market segment in which the company competes.
- Our firm believes a very unique opportunity exists with this company because of their reputation, safety record, and new design patents with strong downside protection being offered from the hard assets (including $25 to $30 million or more in real estate, accounts receivable, etc.) being mostly free and clear. The majority shareholder and CEO will remain on to manage or co-manage the company.
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