Midwest-Based Plastics Injection Molder

Not Disclosed, MI

Midwest


Asking Price: Annual Revenue:
Not Disclosed $3,500,000

Manufacturing: Plastics


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RE: Midwest-Based Plastics Injection Molder Broker: Shu Ghosh
License #: 6505349567
Owner Financing is Available!

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $3,500,000
Net Profit: $130,719
Cash Flow: $190,000
Total Debt: $242,356
FF&E: $182,750
Real Estate: $1,480,000
Year Established: 1994
Employees: 28
BBN Listing #: 619023188
Broker Reference #: NVC2197

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Business Overview:

"This Midwest-based custom injection-molding company manufactures plastic components for longtime, repeat customers in a diverse variety of industries, including the military. Its consistent investment in cutting-edge manufacturing technology, exceptional focus on quality, ability to manufacture to tight tolerances and dedicated workforce have allowed it to attract a loyal customer base with virtually no sales effort beyond word of mouth. In addition to injection molding, it provides engineering assistance, insert molding and assembly. The Company has capacity for growth, which could be enabled by a greater focus on sales and marketing. Its long-term government contracts, IATF certification and record of customer retention – some for more than 15 years -- make it an excellent investment opportunity.

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Property Features and Assets:

The one-story, steel-framed building was constructed at 24,014 square feet in 1989, with additions of 4,500 square feet in 2004 and 9,370 square feet in 2017. The building now contains more than 25 injection molding machines. Within the warehouse is a comparator room, supervisor/shipping office and mezzanine with the Company’s material loading/drying system. The warehouse area features 4 surface-loading bay doors, a truck well with 2 dock doors, and floor-to-ceiling racking systems. Within the production area are 5 overhead cranes ranging from 2-ton to 15-ton capacity.

Market Competition and Expansion:

Quality Achievements – Ability to manufacture to extra-tight tolerances, unwavering commitment to prevent manufacturing errors and detailed quality assurance process allow the Company to retain customers with highest quality standards. Technology – Company has long invested in new technology, including robotics, which has enabled it to maintain a lean operation with high efficiency and precision. Increased Focus on Sales – Current sales/marketing strategy is limited to following up on referrals and providing current customer needs. A dedicated sales team, representing the Company in the field, is a clear opportunity for growth. Capacity for Growth – Company has dedicated employees, room for growth and top-notch equipment but currently operates at less than full capacity. Underutilized Specialties – Company could win new business by better promoting its CNC capabilities and other value-added opportunities. New Products – Several potential new products are currently under development to join the multiple products the Company already manufactures.

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.

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