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Seat Manufacturer Corbin Up for Sale

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One of the largest aftermarket parts manufacturers, Corbin Pacific (known best for its Corbin seats line) is up for sale. On the chopping block since early this year, the California based company has been unable to find a buyer. Continue past the job for the financial details.

Investment bankers are asking $11.5 million for the company, which has offices in both California and Florida. With over $14 million in revenue for 2008, that puts the asking price around the industry standard .8 multiple. Corbin’s net income in 2008 was $1.9 million, which puts operating margins around 13%. If you’ve got a pention for cutting fat, and a $3 million down payment, you too could own your very own seat manufacturer. Thanks for the tip Peter.

Source: BizBen













Jensen Beeler

Despite his best efforts, Jensen is called one of the most influential bloggers in the motorcycle industry, and sometimes consults for motorcycle companies, whether they've solicited his expertise or not.

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