Business Overview:
Company with expertise in manufacturing, processing and converting laminated film for the automotive, architectural, and other industries that utilize glass will be auctioned on August 23, 2010 due to the financial difficulties of the sole shareholder unrelated to the health of the business. Company leverages a proprietary process in order to serve a unique market niche in international markets. The existing management team and key staff have 75+ years of industry experience and would like to stay on to help grow the business. Through June 2010, month-over-month revenues are up nearly 28% for the last 2+ quarters. The Company has a strong reputation and longstanding relationships. Existing revenues have been built with no formal sales and marketing efforts. Management believes significant additional opportunities for growth exist, including potential opportunities due to the positive environmental impacts of the Company’s products, which help reduce heat and save energy, enabling manufacturers to achieve green goals.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The company has a ~23,000 sq. ft. facility and 3.94 acres in a business park. There are 12 spots in the main front lot and 25 stalls in the rear. The main building was built in 1989 with additions made in 1995 and 2002, including a loading dock and clean room. The company relies on four key machines for lamination, conversion, and other processes. The company estimates the value of the equipment, furniture and fixtures, and automobiles to be approximately $1.5M.
Market Competition and Expansion:
Company has a strong niche and longstanding relationships due to proprietary process that is trade secret protected, strong customer service, and experienced management. Primary competition comes from other companies in the supply chain who have brought capabilities in house, but these capabilities have not kept up with Company's proprietary capabilities, leaving a well-protected niche. Opportunities for growth exist in the domestic auto glass market, expansion into safety glass, expansion into niche glass manufacturing, and green building market.
Reason for Selling:
Owner financial problem unrelated to business
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is a distressed business or bankruptcy situation.
Resources: