- April 22, 2020
- Posted by: Waldon
- Categories:
| Company Name | PKF Mueller |
|---|---|
| Contact Name | Neil Patel |
| Contact Email | Email hidden; Javascript is required. |
| Contact Phone | (224) 526-1704 |
| Opportunity Name | Project Noah |
| Location of Business | Oregon |
| When was the business started? | 2007 |
| What is the business most known for? | E-commerce |
| Who is/are owner/owners? | Singapore holding company |
| Why sell the business? | The business is insolvent due to prior mismanagement. Looking to sell business to operator, free of liabilities. |
| Are you looking to recapitalize the business by selling a majority stake to aggressively take the business to next level? | Yes |
| Who will remain on the ownership level? | No one |
| Is the owner(s) planning to stay around? If so, what is their thinking? | Key individuals willing to stay on under new ownership |
| What is the maturity level of the business? | Generating Revenue but Operating at a Loss |
| EBITDA or Profit for same period | -2,250,000 |
| Trailing 12 Month Revenue | 6,000,000 |
| Trailing 12 Month EBITA | -1,000,000 |
| Any significant debt on the business? | Yes |
| Why did the business start? | Established in 2008, the company was one of the first movers in providing a fully integrated solution which enabled international customers to access the widest list of online merchants in the U.S. |
| Why did the business start? | Established in 2008, the company was one of the first movers in providing a fully integrated solution which enabled international customers to access the widest list of online merchants in the U.S. |
| How did business get to where it is at? | They solidified proprietary technology that allows customers to shop more securely and enjoy lower shipping costs with the transit time faster than postal service. They also grew their client base of over 120,000 customers from over 120 countries. |
| Aggregations or Organic growth? | Organic growth |
| Any tailwinds or headwinds facing business/sector? | Yes |
| Sector insights from owner and what the opportunity going forward with new owner might look like? | New owner has opportunity to add capacity to their international consumer shipping operations, at an attractive sale price, that is free of liabilities. |
| What is the unique story of business -- how is it different then their competition –what makes them better/worse? | Proprietary technology that allows customers to show more securely and enjoy lower shipping costs with the transit time faster than postal service. They were also one of the first movers in providing a fully integrated solution which enabled international customers to access the widest list of online merchants. They have a client base that grew over 120,000 customers in over 120 countries. |
| Provide any additional notes, information or data that supports this opportunity | Glad to provide access to data room with signed NDA and further communication, if need be. |
| Date Created | June 9, 2023 |
| Date Updated | June 9, 2023 |