kgeezy........*1 YEAR>>> Math Class_In session........+
Here we go, Today Seaway Valley announced they were in "negotiations" with another $15,200,000 million dollar "Retail" company that would essentially on the books be equivalent to another 5 "Hacketts" stores based on pro-forma revenues of 36,000,000 for 9 "Hacketts" Big-Box stores. :Quote "Today reported that it is currently in discussions with an area retailer for possible acquisition. The company, which has and has had locations in various northern and central New York markets, generated approximately $15.2 million in revenues and income before taxes of over $500,000 in calendar 2007." --------------------------------------------------------------
Now onto the Math;
Hacketts announced that 36 million in revenue would be coming from 9 Stores this year(36/9= $4,000,000 per store average Revenue)
(“Hackett’s”), is in discussions with representatives for two new possible Hackett’s stores – both outside the seaway valley corridor. If either lease is consummated, the stores would represent Hackett’s initial push outside the region. Both potential locations, which remain confidential during discussions, would represent large store formats of between 20,000 and 40,000 square foot venues. ($8,000,000 Revenue)
Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC - News) today announced that its wholly owned subsidiary, Patrick Hackett Hardware Company (“Hackett’s”), will be opening a new location in Sackets Harbor, NY with a targeted opening date scheduled for mid-June 2008 ($3,000,000 Revenue)
In April 2008, Seaway merged North Country Hospitality, Inc. into a wholly owned subsidiary in an all stock transaction valued at $11.7 million, bringing to Seaway Valley additional assets of approximately $13 million and pro forma revenues of approximately $6 million. ($6,000,000 Revenue)
Seaway Valley in Discussions with Metro Restaurant for Possible AcquisitionThis particular restaurant, which this year expects to generate about $1.8 million in food and beverage revenues, is in one of these targeted markets. ($1,800,000 Revenue)
Today reported that it is currently in discussions with an area retailer for possible acquisition. The company, which has and has had locations in various northern and central New York markets, generated approximately $15.2 million in revenues and income before taxes of over $500,000 in calendar 2007."($15,200,000 Revenue)
One regional retailer, One regional retailer and wholesale distributor, One national consumer products company "Aggregate revenues of all three are projected to be in the $22-$24 million range for 2008." ($24,000,000 Revenue)
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