Bank Safety Envelope Manufacturer for Sale (Absentee-Run)
| Asking Price: | $350,000 |
| Rent: | $44,400/Year |
| FF&E: | $355,000 |
| Gross Revenue: | $398,375 |
| EBITDA: | $29,930 |
| Established Year: | 2000 |
Ideal fit for a distributor/manufacturer in the industry, or packaging company! Pro-Forma EBITDA of $107,075
This manufacturing operation has been in business for over 25 years! The company is a manufacturer of specialty envelopes utilized in the banking industry for banking trays (bank safety envelopes). The safety envelopes produced are sold primarily to wholesalers/distributors, with the end customers being banks and credit unions.
The business is absentee-owned, with a strong management team in place and is poised for significant growth! This is an ideal opportunity for a strategic buyer that can integrate into their existing operations, due to synergies and cost reductions that can be realized from day one. The specialized machinery that the business owns is highly valuable, having recently been upgraded.
The business currently operates out of a facility shared by another business owned by the sellers. Ideally the business will be relocated, however the owners are open to lease negotiations.
The estimated level of working capital required for the operation is $85K.
