Robert Henning
Burke, VA (USA)
Role(s):
Founder/Owner/Principal
MAXEX LLC
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Startup
Location:
Burke
Industry:
Other
Year Founded:
2013
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
Limited Liability Company
Description:
MAxEx finds mid-sized foreign manufacturing companies with 8 figure revenue streams/ turnover, with very low EBITDA and cash flow, and that are bank owned. These companies have restructuring plans in place to increase their cash flow significantly but are being sold by the banks to get the debt off their books. The results are companies being sold for 10% to 15% of their value.
We buy these companies from the bank, complete the restructure and move them to lower cost areas to reduce costs and increase margins. We exit the company after 4 to 5 years realizing a sales profit of 5X to 8X initial investment, and cash flow dividends of 15% to 25%.
The European currency and economic position vs. the US is getting stronger which allows us to introduce applicable products to the US market. This provides additional profit and cash flow.