Manufacturer of Branded Equipment-Plastic Industry

Not Disclosed, MI

SE Michigan


Asking Price: Annual Revenue:
$1,700,000 $4,700,000

Manufacturing: Machinery


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RE: Manufacturer of Branded Equipment-Plastic Industry Broker: Glen Toadvine
Owner Financing is Available!
Negotiable

Quick Facts

Asking Price: $1,700,000
Annual Revenue: $4,700,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1950
Employees: 29
BBN Listing #: 104531216
Broker Reference #: GT110819

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Business Overview:

This venerable Michigan manufacturer of desiccant dryers, and complete material conveyance systems has been going strong for 7 decades, and with the owners now at retirement age, they look forward to an orderly transition of their successful business to new owner-operators.

The company’s 28 experienced, loyal, long-time employees design, engineer, manufacture, sell, and install proprietary lines of equipment across the United States, Canada and Mexico. Installations range from single pieces of equipment to entire bulk resin systems with $1,000,000 price tags.

The equipment product lines are continuously re-engineered and refined resulting in products which are best in class and the most efficient on the market today. The degree of sophistication of the products has created a huge barrier to entry for would be competitors.

The company operates out of a late model 23,600 square foot facility which can be leased at market rates or purchased in a separate transaction for $1,400,000.

Over the past four years, the company, aided by repeat customers (some for literally decades), has maintained consistent annual revenues of $5,000,000. New business opportunities are generated by the company’s captive sales team and supplemented by independent sales representatives. Customers range in size from small shops to Fortune 500 companies.

4-year average revenue $5.3 million
4-year average EBITDA $.37 million

To learn more about this outstanding niche manufacturing opportunity (including pricing and deal terms), please contact Glen Toadvine.

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.

Reason for Selling:

Retirement

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.

Relevant Links:

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