Cabinetry Manufacturing

Business Stage
Established Business
Industry
Manufacturing
Time In Business
22 Years
Employees
75 Full-Time
Equipment Type
Industrial/Manufacturing
Ticket Size
$70K - $100K
Equipment Details
CNC Equipment
Equipment Purpose
Expand capabilities and reduce overhead
Weaknesses (Cons)
  • Corporate BK filed but was discharged in 2010
  • Used equipment
  • Low equity in the company
  • PG strength was weak- low value of personal assets
    • Strengths (Pros)
  • Revenue over $5MM
  • Profitable and positive cash flow
  • 30 years TIB
  • B2B
  • Strong corporate organization
  • Equipment has good ROI by saving salary expense
  • Diverse customer base
  • Good resale value on equipment
  • Company had a good cash cushion
  • Willing to take a shorter term
    • Creative Solution
    18 month term, $10K deposit, additional collateral in titled vehicles
    Team Sales Rep
    Mike Wright