Chicago Area Engineering Firm with 25 Patents

Saint Charles, IL
Kane County

Asking Price: Annual Revenue:
$2,275,000 $1,958,514

Manufacturing: Machinery

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RE: Chicago Area Engineering Firm with 25 Patents Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $2,275,000 12% Buyer Down Payment $273,000 7.5% Seller Financing $170,625 7.5% Equity Hold $170,625 73% Bank Loan $1,660,750 A 12% down payment of $273,000 returns $346,974 in the first year after debt payments!

Quick Facts

Asking Price: $2,275,000
Annual Revenue: $1,958,514
Net Profit: Not Disclosed
Cash Flow: $606,398
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1984
Employees: 8
BBN Listing #: 358534398
Broker Reference #: AEI020

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Business Overview:

The seller of this Chicago-based engineering firm is willing to both roll equity and stay on board with a new owner for 2+ years! With $1.5M in sales and a 39% profit margin, the company specializes in the design, engineering, and manufacturing of hot runner systems and components for mold making and thermoplastic processing plants. After designing and engineering the custom hot runner system to fit their customers’ plastic injection molding system, they manufacture the system on-site, assuring quality control and reduced cost to their clients. They also have the capability to retrofit existing molds; they can repair or re-configure a system, replace heaters, nozzles, and other components, and they can troubleshoot leaks, heating issues, and flow problems. All of these services contribute to their long-standing client relationships and solid reputation in the market for over 35 years. Their diverse client base consists of mold makers and processing plants for consumer goods in categories such as medical, automotive, cosmetics, caps & closures, consumer electronics, and pet products. Their customers design the product, manufacture it through 3D printing, and gives them the specs; this team then designs the custom hot runner system needed to fit their needs and requirements.

The highly skilled and experienced team includes the Owner (President/Treasurer), as well as a Design Engineer/Project Manager, 3 Machine Operators, 1 in Assembly, 1 Office Manager, and 1 Financial Officer. The owner currently handles general oversight of the business and team as well as some of the engineering; the Design Engineer/Project Manager handles all design engineering for the hot runner systems and manages each project from beginning to end.

Priced at $2,275,000, this company certainly has the potential to go global! An existing hot runner system company could take this business to the next level by using the 25 patented products, the team’s experience, and the customers already in place and expanding. A mold maker could also expand their business by purchasing this company, which would complement their services and products.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Market Competition and Expansion:

Growth Opportunities: Great opportunity for an existing hot runner system company to expand by using this company’s experience and customers; a mold maker could also expand their business by purchasing this company, which would complement their services & products.

Reason for Selling:

Retirement planning.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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