Resurfacing And Repair For Packing Machinery

Business Overview:

The customers are manufacturers that mass produce, fabricate, and print packaging for products and goods for their clients. This business is remote and operates as a mobile service, utilizing trucks to transport the necessary equipment to the job site. Their main focus is the cylinder of a flexographic printing press which is commonly used in the packaging industry. They also offer cylinder grinding, stripping, coating, and repolishing of the part. This niche business provides solutions for cylinder repair, resurfacing, and restoration of central impression cylinders [CI]. The equipment is stored at three different locations, strategically placed in IN, WI, and AZ, making transportation efficient. These assets are valued over $300,000 which collateralizes the loan by 50%. The sellers are planning for their retirement and in order to mitigate the risk, the owners have offered 10% seller financing and will stay on board to train and transition for 1-2 years. Priced at $750,000, this business has provided both owners with an excellent standard of living and as a new buyer, a 10% down payment of $75,000 returns $96,557 in the first year after debt payments!

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Reason for Selling:

Retirement Planning

Additional Details:

Documents:

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