Oct 2, 2019 — This business is run under two separate companies. One company is union and the other is non-union (referred as “the Company”). The Company provides quality sports equipment, installation and maintenance services. They specialize in knowing what the latest safety standards are in the industry for all types of sports equipment and bring that knowledge to every facility they help design, service, upgrade, or repair.
The Company is well positioned to provide a stable and profitable platform for growth. Utilization of the company’s loyal customers and solid reputation provides an industry related company access to a well-established customer base and a competent and loyal workforce.
In 2018, the Company yielded $1.5M in revenue with EBITDA of $760,000. The Company is on track to achieve $1.5M in revenue with $780,000 EBITDA for 2019. The owners do not want to add more crews to company to grow. They are holding company back at this time.
The Company’s key management team will stay with the new buyer. Only the owners will be leaving. The owners will help the new buyer through the transition period.
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