Jacob Carter
Sandy, UT (USA)
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DB
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Startup
Location:
Sandy
Industry:
Healthcare
Year Founded:
1989
Number Employees:
10-50 people
Description:
DB is an established, 20 year old, supplement distributor located in Sandy, UT. We are in search of $1.5 Mil in funding ($1M debt & $500k equity) in order to buyout the Company founder. Right now, DB currently has annual gross sales in excess of $2.5M.
We are looking for $1M as an 8 year loan, interest only for the first three years, and principal and interest for last 5 years as well as a $500k equity investment or other mix according to investor preference.
Current owners have material cash equity invested in the Company and are willing to sign personal guarantees.
The Company is currently self-funding and does not need capital for operations or growth.
Monthly EBITDA cash flow (AFTER owner compensation) is approximately 4x the estimated interest payment from the $1m loan.
The Company has a pristine Balance Sheet with no material debt except its building, which it owns with a small mortgage remaining.
The Company grew revenue in 2008 by double digits and grew almost 20% Quarter over Quarter from Q4 2008 to Q4 2009. 2nd Qtr 2009 will be a new revenue and profit record for the Company. The Company continues to perform well in current economic conditions and is very well positioned for any rebound.
The Company has a well diversified revenue base with 250+ products and thousands of customers. No customer accounts for more then 2% of revenue.
Management is very experienced in the industry and the Company recently attracted a well-respected industry CEO, as well as one of the top industry MDs as its Chief Medical Adviser.