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Michigan Business For Sale |
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| LEADING DISTRIBUTOR- INDUSTRIAL RUBBER & PLASTIC |
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| Attn: Mickie Bernard |
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| not disclosed, MI, USA |
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| Asking Price: |
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Not Available |
| Business for Sale Industry: |
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Manufacturing: Plastics |
Year Established: |
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1943 |
| # of Employees: |
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9 |
| Yearly Revenues: |
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$2,890,000 |
| Yearly EBITDA: |
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$351,000 |
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Business for Sale Overview:
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The March Group, LLC currently represents a very well-established, profitable and family-run company specializing in industrial products, materials handling equipment and service and manufacturing. Established over 60 years ago, the Company benefits from sustained family management and continued excellent relationships with clients, suppliers, vendors, and bankers. Posted EBITDA of $351,000 on revenue of $2.89 million for FYE September 2007. 2006 results topped $2.94 million in sales, representing better than 15% growth over the previous year, with corresponding EBITDA of $350,000. Offers a full line of industrial hose, flexible ducting, sheet rubber, tubing and adhesives for use by manufacturing companies such as military, food-pharmaceutical, furniture, automotive, construction, etc. Recently expanded into new dieless gasket manufacturing while continuing to offer flatbed steel rule die manufacturing capabilities. At fiscal year-end 2006, the Company had total assets of $1.51 million, with total liabilities of $953,000. 80% of the Company’s clientele is within a 50 miles radius of their greater than 20,000 square feet facility. Forecast to grow at an annual compounded rate of 5.3% between 2006 and 2009. ISO 9000 – 2000 Certified.
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Property Features and Assets:
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21,500 square feet office and warehouse space. |
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Market Competition and Expansion:
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The U.S. market for distributing industrial supplies includes about 10,000 companies with combined annual revenue of $70 billion. Large companies include Grainger, Applied Industrial Technologies, MSC Industrial Supply, and Industrial Distribution Group. The industry is both fragmented and concentrated at the top: the 50 largest companies hold about 50 percent of the total market, but 80 percent of companies have less than $5 million in annual sales. |
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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