Manufacturing / Plastic Fabrication

Location: United States -> Idaho
Industry: Manufacturing > Plastics Manufacturing

This 17 year-old established company manufactures a unique product line (3,000+ different units) that is a desired accessory by hobbyists in a mature but expanding industry embraced by ‘boomers’. The company’s owners are well-funded, successful inventors. This product is marketed nationally and internationally through distributors and retailers. The company also does private label manufacturing for many large internationally known companies. There is little to no direct competition for an exact product match. The competitive products in a similar category are up to 200 percent more costly and provide far less functionality and thus are less desirable. An aggressive two-person outside sales team could increase sales appreciably when used in conjunction with a more vigorous magazine advertising program utilizing hobby specific publications. The owners will sign a non-complete document.

The facility is ideal for the manufacture of the specialty items produced with plenty of room for growth in the future. Real property is not included in the sale; however, the current owners are willing to negotiate an acceptable lease based on the expense guidelines of the third party appraisal procured by the owners prior to the sale of the business.

Who should inquire about this business? Those with a background in plastic fabrication/manufacturing/sales and who also have a management background. You should have available cash of at least $138,000 for downpayment funds and working capital. The Buyer will need excellent credit to qualify for third party loans for the majority of the purchase price. The Seller may provide a limited amount of Seller financing. Contact for more information on this Plastic Fabrication / Manufacturing business for sale.

Financials

Asking Price Range: $1.0M – $2.5M
Gross Revenues: $1,411,199
Cash Flow: $371,835
Cash Flow Type: Sellers Discretionary Cash
Inventory: $200,000
Seller Financing: Not Disclosed

About The Business

Year Established: 1991
Number of Employees: 6 – 9
Relocatable: Yes
Franchise: No
Current Real Estate: Owned
Property: Property For Lease

About The Sale

Management Training and Support: 4 wks. training; available for consultation during transition period.
Reason For Selling: Owners wish to retire.