Mark Vance
Coppell, TX (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
MNA
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Startup
Location:
Spring
Industry:
Construction
Year Founded:
1993
Number Employees:
10-50 people
Business Stage:
Growth (profitable)
Entity Type:
"C" Corporation
Description:
Commercial glass contractor in Texas with a 25-year operating history is offering the sale of a minority ownership in the company to secure working and growth capital. The company has a working capital shortage created primarily by the amount of retainage withheld by general contractors. This capital infusion will allow the company to secure performance bonds that has caused the company to lose $2 million in contracts in recent months. The company’s annual revenue is $10 million with an $8M backlog and is offering 20% of the company at a substantial discount.