Manufacturer of Specialty Plastics
New Jersey
Sale Pending
| Asking Price: | $4,100,000 |
| Gross Revenue: | $1,436,920 |
| FF&E: | $1,255,095 |
| Established Year: | 1954 |
| Cash Flow: | $692,186 |
| Inventory: | $630,000 |
| Real Estate: | $1,500,000 |
Listing ID: 2222598Listing provided by BizBuySell
BUSINESS DESCRIPTION
Specialty Plastic Products Manufacturer.
This business offers-
$1.4MM+ average sales
Over $600K owners benefits
70 years of customer satisfaction
Quality leader in niche industry
over 200 active national repeat customers (mostly distributors)
Made in the USA
30,000 sf factory on just under 20 acres of property Included in sale
$600,000 plus in finished and unfinished inventory
over $2MM in customized equipment
significant growth capability without significant capital expenditures
DETAILED INFORMATION
Location
New Jersey
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
30,000 square feet - 1 story cinder block structure that was renovated and expanded (for this use).
The building sits on 19+ acres of wooded land with additional development potential for future sale/lease back opportunity.
Competition
This business is the quality leader but hold a very small % of market share vs their only US competitor. This offers a significant opportunity to gain market share by adding an outbound sales team.
The business enjoys a very diverse customer base including distributors, machine shops, other manufacturers (including plastics) and some end users. There are moderate to high barriers to entry making new competition unlikely.
According to industry reports, Plastic Pipe and Parts Manufacturing in the US rebounded from the COVID pandemic in force!
Growth & Expansion
The business is all generated from word of mouth.
There is no outbound sales effort or trade advertising.
The business operates only one shift which is not at capacity.
Financing
Lender pre-screened with $500K down.
Support & Training
The owners will insure a smooth transition after the sale.
Reason for Selling
Partner wishes to retire.
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