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Manufacturer of High-Density Polyethylene Products

Florida
Production Process
Cash Flow:$1,300,000
Inventory:$300,000
FF&E:$1,600,000
Established Year:1990
Gross Revenue:$3,800,000
EBITDA:$1,100,000
Real Estate:$2,000,000
Listing ID: 2224317Listing provided by BizBuySell
BUSINESS DESCRIPTION

The Company is a very profitable manufacturer of High-Density Polyethylene (HDPE) products. The Company, as it exists today, is a result of the combination of two concerns, one founded in the late 80s and the other in the 90s. Operations of the two were combined in 2010 and a formal merger was effected in 2018. The Company sells into two entirely different industries using the same production processes and is a major player in each respective segment.

The Company is located in a populous and fast-growing region of Florida. Its location is very close to an interstate, providing great logistical advantages.
Set forth below are financial results (averages for 2020 - 2023):
Gross Revenue $3,800,000
EBITDA $1,100,000
Cash Flow (SDE) $1,300,000

Average gross profit for the period was nearly 50%. The Company is consistently profitable.

DETAILED INFORMATION
Location
Florida
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
18,000
Employees
14
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The Company’s facility comprises approximately 18,000 sq. ft. and is owned by the owner of the business. Production equipment includes plastic molding equipment and associated production equipment.
Competition
The larger segment of the Company's business is associated with the construction industry, residential and commercial; which is poised to grow with the moderation of inflation rates and the predicted decline of interest rates. The second segment services a very stable industry. The Company experiences competition in both segments but is a dominant player in both.
Growth & Expansion
There is excellent growth potential through product line expansion and broader and deeper customer penetration in both segments.
Support & Training
The owner plans to retire post-sale but will be available to assist in transition for a mutually agreeable period.
Reason for Selling
Retirement
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Steven Hyden
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Steven Hyden
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