This Franklin County manufacturer of hydraulic tubes and devices experienced declining sales from two of its largest customers. This loss came on the heels of a major expansion of its manufacturing facility, which was then underutilized due to the declining sales. Also, Pro Tube's debt load was restricting its line of credit and its cash flow.
SEWN provided a financial restructuring model, and worked with Pro Tube's owners to create a cost estimating too
l to more accurately recover the company's cost of manufacturing.
MANTEC assisted with the marketing of Pro Tube's products, including expanding the company's traditional geographic area, relying on a more targeted marketing approach rather than word of mouth, and exploring the possibility of government contracts.
Using the SEWN model, Pro Tube was able to restructure its loan, increasing its cash flow by $3000 per month. With MANTEC's assistance, the targeted marketing campaign increased sales, and Pro Tube now works as a sub-contractor on several government contracts.
SEWN also provided ProTube with a reliable financial forecasting model so that it can accurately project its costs and remain profitable for years to come.
