Midwest Plastic Products and Mold Manufacturer

Not Disclosed, MI


Asking Price: Annual Revenue:
Not Disclosed $6,500,000

Manufacturing: Plastics

Request More Information
Contact the Seller

RE: Midwest Plastic Products and Mold Manufacturer Broker: Shu Ghosh
Owner Financing is Available!

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $6,500,000
Net Profit: Not Disclosed
Cash Flow: $650,000
Total Debt: $128,000
FF&E: $1,140,000
Real Estate: $2,470,000
Year Established: 1996
Employees: 28
BBN Listing #: 360823188
Broker Reference #: NVC2219

Email or Print Listing

Request More Information
Contact the Seller

Business Overview:

The Company was legally bound to fulfill a large highly unprofitable contract last year that resulted in sales of $11,200,000 but an EBITDA of ($1,900,000). This customer/contract has been terminated but the balance sheet has suffered to the point where the Company must sell their assets quickly. Take advantage of this opportunity to acquire a restructured, now profitable business at asset value. This 27-year-old Midwest Company manufactures high-quality, plastic injection-molded components and plastic injection molds for original equipment manufacturers and suppliers in a broad variety of industries. Its ability to provide product development and production under one roof has won the Company a loyal, diverse base of customers in its manufacturing-rich home state. A change in management a decade ago has brought new investment in equipment and ISO/IATF quality certifications. With an experienced staff, modern equipment, and broad plastics capabilities, the Company presents opportunities for continued growth. The owners are willing to assist buyers through a reasonable transition period but wish to sell the business to focus on their other business.

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.

Property Features and Assets:

For the past 15 years, the Company has operated from 90,000 square feet of space in five standalone structures on a 10-acre lot. The property is in an industrial park. About 10,000 square feet is dedicated to the Company’s tool room, with production, shipping and receiving, offices and other functions occupying the remaining 80,000 square feet. The current owners have improved manufacturing capabilities by installation of all electric injection molding machines, pick and place robots and a coordinate measuring machine. The Company is also equipped with a 50-ton crane to support large projects.

Market Competition and Expansion:

Wide capabilities – The Company offers its customers product development and manufacturing under one roof. Modern facility – The Company has updated its equipment by adding new electric molding machines, automation and tool room equipment. Industry certification – With ISO & IATF certifications in place, customers can be confident that products will meet high quality standards. Experienced, knowledgeable staff – The technical staff has expertise in design, development and production of international quality products. Its top six managers have an average tenure of more than 10 years with the Company.

Reason for Selling:

The owners want to focus on another 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.

Relevant Links:

Request More Information
Contact the Seller

BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!