*Turnaround* West Michigan Mold Manufacturer

Greenville, MI
Montcalm County

West Michigan

Asking Price: Annual Revenue:
$1,400,000 $2,447,859

Manufacturing: Metal Products

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RE: *Turnaround* West Michigan Mold Manufacturer Broker: Max Friar
Owner Financing is Available!
Limited Seller-Financing Available for Qualified Buyers.

Quick Facts

Asking Price: $1,400,000
Annual Revenue: $2,447,859
Net Profit: Not Disclosed
Cash Flow: ($147,425)
Total Debt: Not Disclosed
FF&E: $1,171,150
Real Estate: Not Disclosed
Year Established: 1986
Employees: 32
BBN Listing #: 827545079
Broker Reference #: 093

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Business Overview:

*COVID-19 Impact: Prior to COVID, the Company consistently produced strong positive cash flows, with SDE in excess of $600K+ in each of the years 2017-2019. The Company is now in a situation where, despite strong quoting activity, new mold builds have stalled because customers are very slow to approve launches.

Despite suppliers offering credit terms and on-time deliveries, and an open and transparent relationship with his bank, the owner is legitimately concerned about the Company’s medium-term ability to meet its loan payment obligations and thus has a sense of urgency to sell all or part of the Company to a buyer with capital and relationships to maintain continuity for the many skilled and loyal employees, and long-term customers.*

This Company is an industry-leading builder of close tolerance molds. As a skilled mold company, the Business specializes in every area of insert molds, two material molds, and test specimen molds. High-value products, quality, responsibility, and efficiency are enforced from the top-down throughout the medical, plastic R&D, furniture, consumer goods, and automotive industries. The Company offers plenty of competitive attributes (including its strong customer relationships, niche expertise, and high-quality products) to provide efficiency, value, and quality core to this Company’s mission. This commitment has allowed the Company to tackle any project on any budget, with extremely precise specifications.

Additionally, the Company has built a reputation for value. The Company places value on mutually beneficial relationships with its customers, and because of this, they have crafted a reputation as a fair, consistent Business.

The Company has implemented rigorous engineering techniques to assist customers from part design to molding parameters. Additionally, utilizing the latest technology, the Company can accelerate time to market.

Technology and manufacturing are yet another cornerstone of this Company. The Company not only believes in utilizing technology to speed time to market but also to maximize customer value. By using world-class lean manufacturing principles, the Company is better able to manage quality and cost in every process. Regimented preventive maintenance programs keep equipment in excellent condition, ensuring no project is slowed down due to equipment malfunctions.

The Company was established in 1986, and the current owner gained 100% ownership through a stock sale in 1998. Since that time, the owner has built a strong foundation that operates today. The owner is willing to help the new owner(s) in the transition process.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found, please email us and request a PDF version.

Once we receive your NDA and answers to some basic questions, the Confidential Information Memorandum (CIM) will be sent to you from the project manager.

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Property Features and Assets:

67,348 square feet of total facility space comprising warehouse, production, and office space.

Market Competition and Expansion:

Competition/Market Pros and Cons: Investment Highlights Include: (1) High-Quality Products: The Company’s product quality is unsurpassed. Skilled engineers and craftsmen with years of experience guarantee product quality at each step of the process, from part design to molding parameters. When a mold hits a customer’s production floor, it has been thoroughly tested and is ready for production-level applications. (2) Niche Expertise: Two-shot molding is a developing technology in the United States; however, this technique has been popular in Europe for years. This Company is one of a handful of U.S. companies that have expertise in this high-precision technology. (3) Strong Customer Relationships: The Company maximizes value to customers by implementing efficient processes and eliminating non-value-add steps. This has allowed the Company to develop strong relationships with customers. Growth and Expansion Pros and Cons: Growth Opportunities Include: (1) Advertise Niche Expertise: Over the past 40 years, the Company has developed a significant competitive advantage specializing in a niche expertise. This Company is one of two in the world to build a very specialized type of mold. With the other manufacturer being overseas, there is a massive opportunity to aggressively capture the U.S. market. (2) Diversify End Markets: While the Company has a diverse customer base, opportunities exist outside of the current customer base. For example, the food and beverage industry is one of the top industries utilizing custom mold injection. Companies often use molds to produce beverage caps, processing equipment components, beverage filtering components, and food or beverage containers. (3) Add a Salesforce and Marketing Strategy: Currently, the Company relies on two project managers to acquire new customers. The owner believes with the addition of a dedicated salesperson, the Company will be positioned to gain market share and win new customers. (4) Invest in New Equipment: With established leadership in place for the daily operations of this Company, a new owner could mainly focus on strategic capital expenditures to grow the Business. The addition of new equipment and more advanced technology has the potential to double The Company’s revenue.

Reason for Selling:

Reduce time commitment / Financial pressure.

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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