|
Custom Precision Machine Shop
Financial Summary
|
|
Financial Summary Provided By Seller
|
|
Year
|
2008
|
2007
|
2006
|
|
Source
|
P&L
|
Tax Return
|
Tax Return
|
|
|
|
|
|
|
Revenue
|
$2,108,130
|
$1,862,981
|
$1,371,352
|
|
Cost of Goods Sold
|
$1,216,324
|
$1,317,377
|
$847,031
|
|
Operating Expenses
|
$879,152
|
$510,599
|
$475,939
|
|
Pre-Tax Net Profit
|
$12,654
|
$35,005
|
$48,382
|
|
|
|
|
|
|
Officer Compensation 1
|
$97,228
|
$91,460
|
$92,822
|
|
Officer Compensation 2
|
$89,980
|
$89,239
|
$60,000
|
|
Officer Bonus
|
$42,932
|
$0
|
$0
|
|
Life Insurance
|
$2,181
|
$0
|
$0
|
|
Interest Expense
|
$0
|
$7,562
|
$9,830
|
|
Depreciation / Amortization
|
$0
|
$17,976
|
$23,864
|
|
Personal Insurance
|
$0
|
$8,176
|
$0
|
|
Club Membership
|
$4,320
|
$0
|
$0
|
|
Personal Vehicle Leased by Company
|
$36,240
|
$24,090
|
$17,468
|
|
Fuel Paid as Benefit to Owners
|
$0
|
$7,209
|
$0
|
|
Tax Penalties
|
$6,447
|
$10,182
|
$0
|
|
Rent
|
$22,009
|
$0
|
$0
|
|
Personal expenses
|
$68,440
|
$0
|
$0
|
|
Seller’s Discretionary Earnings (SDE)
|
$382,431
|
$290,899
|
$252,366
|
*Seller will verify all add-backs
|
Tangible Asset List provided by seller
|
|
|
VALUE
|
INCLUDED
|
|
Inventory
|
$40,000
|
Yes
|
|
Real Estate
|
$300,00
|
Yes
|
|
FF&E
|
$676,595
|
Yes
|
For further information, please complete our Non-disclosure Agreement at www.vrbigd.com/nda. Mike Cockroft can be contacted by email at mike@vrbigd.com or by phone at 972-792-0100.
“For up-to-the-minute business updates on VR's current, new and pending listings, follow VR at http://www.twitter.com/vrhuntingtonbg.”
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