Here is my 1 year update, after being RIF'ed last September at Honeywell Greer R&O after 17 years as a Engine Technician.
I am happy to report The Lord has been faithful & has allowed us to not only maintain, but to increase!
In January 2017, we completed the acquisition of a ergonomic office product manufacturing company. It is a 30 year established company with nation-wide coverage. Gross profit margin at an astonishing 59.84% and EBITDA at 16.77%
We brought the ergonomic business in as a "division" under our Custom Closet Manufacturing Corporation (a South Carolina LLC). The company & it's division are 100% "Debt Free".
Now, our other company (also a South Carolina LLC) has beach property holdings. That business is still going strong with an average 6% increase in revenue year over year. As well as an average appreciation rate of 11% since the acquisition of the foreclosed property(s) in 2010.
This is meant to be a encouragement for those of you, that may be in similar situations. The future is always bright!
Make it happen guys-