Niche Manufacturer of Custom Plastic Products

Not Disclosed, MA

Asking Price: Annual Revenue:
$425,000 $1,066,690

Manufacturing: Plastics

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RE: Niche Manufacturer of Custom Plastic Products Broker: Chris Bond
Owner Financing is Available!
$383,000 down/ $42,000 for 24 months @5%

Quick Facts

Asking Price: $425,000
Annual Revenue: $1,066,690
Net Profit: Not Disclosed
Cash Flow: $157,677
Total Debt: Not Disclosed
FF&E: $63,627
Real Estate: Not Disclosed
Year Established: 1977
Employees: 6
BBN Listing #: 59934955
Broker Reference #: 3003-14031

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Business Overview:

Heads up! Look at the ceiling and if you see a fluorescent light, this niche manufacturer may very well have made the plastic lens that's covering it. The company performs custom vacuum-and-drape forming of replacement lenses, covers, diffusers and shades for fluorescent light fixtures. Their end products include wraps, sheets, guards, louvers, baffles, globes and many more, shipped all over North America. The vast and loyal customer base - from lighting resellers and residential & commercial end users to markets as diverse as higher ed, healthcare, hospitality, and government - knows that this outstanding company has the details covered in more ways than one.

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Property Features and Assets:

The lease of this well-situated space comprising 13,000 square feet runs through September of 2021. The final three years of the current agreement cap off at $7,583/month or $7/square feet which is fair and appropriate for this particular MetroWest locale. Assets: $96,487

Market Competition and Expansion:

There are esteemed competitors in all four corners of the country, most notably those in New Jersey, Florida, Texas, Minnesota, California and Washington state. However, only a select few have the molding capabilities of this company. Most are similarly small and niche-oriented and, as noted, there are opportunities at every turn and plenty of business for all to enjoy. One major difference is whereas competitors insist on minimum quantity orders of 6 pieces or more, this company has perfected the art of profitably selling a single piece or thousands at a time. From the local pizza shop to the White House, opportunities to sell lenses abound. Two key areas for growth potential for this company are web store sales and adding an inside salesperson. For the former, it will mean increased efficiencies by eliminating manual orders; as for the latter, a well-planned sales strategy through direct customer contact will surely prove fruitful.

Reason for Selling:

Looking forward to retire.

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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