Winter Harbor LLC

WM Coffman

Winter Harbor Secures Financing from Alternative Lender

 

Established in 1874, WM Coffman’s Premium Star Collection contains iron and wood components for closed-room and open-foyer staircases. Clients work with WM Coffman to design and craft their custom staircase, selecting banister, post, baluster and handrail options. WM Coffman has been recognized by consumers nationwide for their quality, style and breadth of design options. WM Coffman produces about $30 million in revenue each year across their three design facilities.

Our Role

Winter Harbor professionals conducted a full business assessment focused on operational profitability and revenue generation. Our assessment was delivered to potential lenders looking to expand their company portfolio, and as WM Coffman required additional capital to expand operations.

  • Assessment of sales budget and cash flow forecasts.

  • Developed 13-week cash flow model to assist WM Coffman in analyzing their short-term liquidity situation.

  • Performed an analysis on WM Coffman’s year end budget to determine available credit line for following fiscal year.

  • Led and finalized refinancing negotiations on behalf of WM Coffman with potential lenders.

  • Reviewed and identified cost reduction initiatives to be implemented across design centers.

Engagement Outcome

From the outset of this engagement, Winter Harbor conducted a full business assessment focused on operational profitability and revenue generation. We met with several members of the management team and reviewed vendor contracts, aging, financial statements and company reports, to identify cost saving initiatives. We determined that WM Coffman required additional capital to fund their growing operations. Our assessment was presented to potential lenders, as we negotiated refinancing on behalf of WM Coffman.