INVESTMENT HIGHLIGHTS
This Specialty Manufacturer of business-to-business merchandise, and this Company brings joy and happiness to families and children with their other products. They manufacture waterslides for theme parks, water parks, municipalities, campgrounds, golf courses and children's museums and private entities for. In addition to slides, they have quite a range of products like pavilions, shelters, gazebos, tables, benches, bike racks, etc. Their pavilions are even used at the Masters Golf Tournament. This is the only manufacturer in the US of a stainless-steel slide and the only other competitor of these architectural slides is in Europe. Two were installed in a princess’s palace in Dubai and others are in companies like Google where people can move between floors. This is a turnkey operation with a newly hired CEO and the Owner and will continue to be involved for up to two years. Sales result from repeat and referral business with no proactive sales or marketing. A memo from the Owner shows about 70% of the business is repeat. The 100,000 square foot production facility is capable of at least doubling or more the sales volume. There is a vast assortment of machinery and equipment with a cost basis of about $4 million and can powder coat a product up to 50 feet. The last 3-year sales are in the $9 million range and 3-year average EBITDA is $1.08 million and for 2025 sales will be in the $11+ million range with an EBITDA in the $1.3 million range and that is with no sales or marketing effort – all from repeat and referral. Once we have the signed NDA we can send the 144 page CIM.