CoMetrics Capital Advisory

Client Profile
Manufacturer of commercial back-room products for the retail, restaurant and hospitality industries.

Revenue
$40MM

Situation
Company had three consecutive years of losses as a result of unsuccessful acquisition. The client’s existing lender requested that they work to find a new lender. The company’s supply chain operations were using outdated processes resulting in a higher cost structure than necessary.

Solution
CoMetrics worked with management and ownership to construct revised cashflow, inventory projections, overhead and borrowing-based projections. The supply chain process was redesigned, resulting in an annual savings of approximately $250K annually. A financing memorandum was written and presented to several lenders, resulting in a new $8MM ABL facility.