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Welcome to Bean Interests
As private business buyers it is our intention to:
* Keep your management and employee team intact.
* Uphold and build upon the reputation of the company with its customers, employees, and the public.
* Continue to build upon the legacy established by you.
* Proceed quickly through the purchase process.
You can sell your business to our family and give your employees, customers, and public image the advantage of a quality growth oriented future.
A D D R E S S
* 20202 Eastex Freeway, Suite 350
* Houston, Texas 77338
* 281-964-1300
* Fax 281-964-1228
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CORPORATE SELLER
You may now or in the future consider divesting some non-core businesses.
We are private buyers interested in transactions that can be completed simply and quickly. Annual revenues of a business or package of businesses are preferred to be at least $10 million with no high limit. Geographical preference is North America and multiple locations are desirable. As private buyers, Our interests are in organizations that can be purchased in a manner based on historical cashflow, wherein the business will cashflow the repayment of the purchase price in a sound manner. Additionally, management with a history of success must be committed to remaining with the business. Since our intentions are to retain the businesses for long-term private ownership, our interests are substantially different from those individuals who represent publicly traded corporations, or have the intention of initiating an IPO. We believe you will find that we can proceed from first review to closing faster than the vast majority of buyers.
Should your organization have businesses with positive cashflow available for purchase as referenced above, please have the appropriate individual in a decision making position contact us at the earliest convenience. If you have divisional executives responsible for divestitures, please consider sharing this information with them. We use the Houston and Washington, D. C. offices of Verner, Liipfert, Bernhard, McPherson & Hand attorneys, who count Senator Bob Dole, Senator Lloyd Bentsen, and Senator George Mitchell among their members, and the San Jose office of Price Waterhouse for accounting. We are acting in behalf of our personal interests and are prepared to move forward aggressively.
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Private Seller
As business owners for the past 30 years, We believe private companies offer substantial advantages to employees and customers, when compared to public companies, and should remain private. It is our belief that private companies have an advantage in being able to implement decisions for the long term health of the company and satisfaction of its customers, rather than decisions targeted at quarterly stock market performance.
We are private buyers interested in acquisitions with positive cashflow and annual sales of at least $10,000,000, with no high limit, that can be completed fairly, simply and quickly. As private buyers, our interests are in organizations that can be purchased in a manner based on historical cashflow, wherein the business will cashflow the repayment of the purchase price in a sound manner. Additionally, management with a history of success must be committed to remaining with the business.
Since our intentions are to retain the businesses for long-term private ownership, our interests are substantially different from those individuals who represent publicly traded corporations, or have the intention of initiating a public offering. It is our intention to keep the management and employee team intact, uphold the reputation of the company with its customers, employees, and the public, and continue the legacy built by the owners. We believe this approach insures the best combination of long term security and profitability when contrasted with the operational methods utilized by public companies sensitive to short term stock price fluctuations.
Should you decide now or in the future to sell your business, We sincerely hope you will call and offer the opportunity to consider purchasing it and continue its operation as a private business. You will find that we do not waste time in endless negotiations and can proceed from first review to closing faster than the majority of buyers. We use the Houston and Washington, D. C. offices of Verner, Liipfert, Bernhard, McPherson & Hand attorneys, who count Senator Bob Dole, Senator Lloyd Bentsen, and Senator George Mitchell among their members, and the San Jose office of Price Waterhouse for accounting. We are prepared to move forward immediately and await your response.
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PRIVATE ACQUISITIONS PROFILE
It is our intention to continually develop and own, for the long term, 100% of a large growing U. S. based business by acquiring sizeable private companies and divestitures from large organizations.
As a private business, decisions will always be made for the long term health of the business, rather than their short term impact on the stock price.
COMPANY CULTURE
For the acquired organization, performance based company culture will be instituted and intensely, continuously promoted. Employees (management and workforce) will understand they function as a team in an environment in which their security and opportunities can be greater than at any other employment, and are wholly based on their performance and commitment to constant improvement of the customers' experience, the product, the cost, the efficiency and the work environment.
Employees of the acquired organization will understand they have an opportunity to live apart from the public company environment of slashing costs via brutal employee reductions, product/service denigration and revenue increase via price cutting. This opportunity will require and inspire employees to participate permanently in a culture where they work on the business as well as in it; to aggressively use all their "on duty" time and some of their idle "off duty" time searching for continual, measurable improvement of the part of the process in which they are involved; to increase efficiency without capital cost; to increase quality in their area of function; and to improve and expand the suitability of the product/service as a whole from the customers' perspective. Sincere interest and constant improvement in all areas will be upheld as the normal lifestyle and the key to long-term job security, when other companies are instituting the all-too-common reductions in workforce.
The individual component companies' products/services will be used/experienced by the employees regularly; each will be required to do so as a basic means for product improvement. For example, if Kraft employees who package their salad dressings consumed them with the expectation of improving the product, the paper band sealing the lid would be replaced by something that, after opening, didn't leave a sticky lid for the consumer to dislike for the life of the product.
The company culture will stimulate every employee to maximize personal energy levels as applied to company activities; to exhibit fierce commitment to attitudes of doing whatever it takes, whenever it is required to get the desired results in their jobs; to never take no for an answer. The company culture will stimulate employees at all levels to react to all threats to the business immediately and fiercely, thereby greatly reducing the probability of any threat becoming serious.
Management will be required to stimulate and value the contribution of other employees to improve their own areas of function, and non-management employees likewise to respect the contribution of management in their true areas of expertise on which they will be strictly focused (restricted).
Eighty percent of the effective value of such a company culture can be instituted in a few months, to result in remarkable improvement. Resiliency to economic downturns is bolstered by having a committed workforce asking, "What else can our products/services be sold to accomplish, what other products/services can we produce with our existing equipment and workforce, and thereby keep our revenues up when the economy is contracting." Together with intensity of focus and commitment, we will succeed through innovation when other companies are struggling. Employees will share earnings as additional incentive and reward for their performance.
MANAGEMENT
We prefer that an executive management team with a history of success be in place and remain after an acquisition. If not, our intention is to hire the best industry specific executive management team for a specific acquisition. We will provide the value system in which they will function to achieve the herein described results. All key management personnel will receive recurrent performance enhancement training by Anthony Robbins of Robbins Research Institute to immediately, significantly expand individual performance and stimulate an aggressive solution orientation outside the traditional envelope. The employee and management team will be trained in Dr. W. Edwards Deming's Total Quality Management methods to aggressively continually enhance quality, efficiency and customer loyalty.
ACQUISITION CRITERIA
We prefer stable operations which continue at a reasonable level during difficult economic times. The purchase price of any acceptable transaction must be at a multiple of cash flow that will allow the business to safely retire purchase debt from earnings within three to seven years.
RECENT CAREER HIGHLIGHTS
Beginning in 1983, We developed, implemented and refined, without former construction expertise, the management methodologies that quickly made The Evans American Corporation the fastest and most efficient disaster reconstruction organization in the U. S. In a decade Evans came out of the trunk of a car to become the leader of our industry, and literally the fastest reconstruction company in the world.
We have been integral in the rehabilitation of a myriad of America's most catastrophically-damaged structures, including coordinating reconstruction in the wake of major earthquakes in Los Angeles and San Francisco; after firestorms in Berkeley and Oakland; after riot damage in Los Angeles; after hurricanes in Florida, the Carolinas, and Louisiana; after flooding in Louisiana, Kansas and Missouri; and after the Oklahoma City bombing.
We have addressed a multitude of business groups on the importance of disaster management, and have authored articles for many leading industry publications including Best's Review, National Underwriter and Risk Management. In 1990 we were invited to Moscow by Chairman Vladimir Resin of The Moscow Construction Agency, to address the top 800 Russian engineers on innovation and high-speed construction. We, in turn, hosted a Russian delegation visiting America to learn more about rapid recovery and high-speed construction.
The foundation for Evans accomplishments are a keen awareness of cash flow and psychological concepts applied to business activities that stimulate seemingly super-human effort, accomplishment, and extraordinarily effective non-traditional problem solving by the entire employee team.
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FAMILY MANAGEMENT PRINCIPLES
1. Maintain a balance between the application of management technology and the art of sound business judgment.
2. Hire the best technical management expertise and manage and motivate those persons.
3. Maintain clear standards, expectations, and performance measurements with immediate feedback for positive and negative results.
4. At the first indication of less than expected achievement, apply immediate, maximum effort, in order to continue meeting expectations and stay on track toward agreed upon commitments.
5. Cultivate a strong sense of urgency and intense results orientation in the employee group.
6. Require all to think and make decisions based on an agreed upon value system embodying the principles on this page.
7. Apply consistent attention to and reward high efficiency.
8. Require and reward excellence from all.
9. Maintain an aggressive offensive posture.
10. Show respect and fairness to everyone in the employee group.
11. Cultivate a "Make It Happen" attitude among the employee group.
12. Cultivate a "Don't Take No For An Answer" attitude among the employee group.
13. Cultivate a "Whatever it Takes" attitude among the employee group.
14. Always provide the best service in the industry to our clients.
15. Give the clients more than they expect.
16. Strong emphasis on consistent customer service, quality and efficiency over the long term.
17. Give customers what they want when they want it.
18. Give customers a lot for their money and make it very obvious in every way.
19. Adhere to a lifestyle of constant and never ending improvement.
20. Make product consistently better for less.
21. Employee teams use creativity and conscious thought to improve the part of the process they participate in, without capital cost, while lowering cost simultaneously.
22. Each employee taught to ask problem solving questions of himself and others.
23. Invest 20% of your time to define a challenge and 80% on the solution.
24. Train attitudes them to be solution oriented.
25. Consistently improve profits while reducing costs and increasing quality and usefulness.
26. Consistently devise methods to sell more product.
27. Devise additional products to make with our same equipment and employees which will increase volume and profits.
28. Devise methods to keep our facility cleaner with less cost and effort.
29. Devise methods to maintain buildings and equipment in good condition for less.
30. Devise methods to make buildings, equipment, and processes more efficient.
31. Focus on what we do want.
32. Be solution oriented
33. Find reasons to maintain a high interest in your work.
34. Use what we sell and experience what we produce as our customers experience it, then improve it.
35. Seek and use the simplest solutions always.
36. Organize employees to play a substantial role in product development and process development/improvement.
37. Cultivate a "Let's find a way" attitude.
38. Look for opportunity - especially where problems exist - it's a fact of life.
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Audio Message
We have been business owners for the past thirty years and are private buyers interested in acquiring businesses with positive cash flow and annual sales of at least $10,000,000 with no high limit that can be purchased fairly, simply, and quickly. Our intentions are to retain the business for long-term private ownership, to keep the management and employee team intact, uphold the reputation of the company with its customers, employees, and the public, and continue the legacy built by the current owner.
Should you decide now or in the future to sell your business, We sincerly hope you will contact us and offer the opportunity to consider purchasing it and continue its operation as a private business.
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