Personal Care Products Manufacturer & Distributor including for Pets
Jackson County, MO
| Asking Price: | $6,195,000 |
| Gross Revenue: | $5,000,000 |
| Established Year: | 2000 |
| Cash Flow: | $1,100,000 |
| Inventory: | $450,000 |
Listing ID: 2251397Listing provided by BizBuySell
BUSINESS DESCRIPTION
Nearly 25 year old stable manufacturer/distributor was created for scientifically developing quality products while using active ingredients such as hyaluronic acid. They offer a variety of products such as skincare, supplements, shampoos, gels, lotions, and more for humans, and joint and pain supplements for animals.
They perform light manufacturing and distribution of these products for both online and in retail stores such as pharmacies and specialty grocery stores. There are multiple other products that have been developed but are awaiting launch dependent upon the business sale.
One of the selling members is willing to stay on board as needed while other non-critical partners will be exiting.
DETAILED INFORMATION
Location
Jackson County, MO
Inventory
Included in asking price
Real Estate
Leased
Employees
15
Facilities
The facilities are extremely clean with open books for FDA requirements and processes to be reviewed. There are systems in place for clean rooms, and employees are very strict with the process flow of the product line. There is capacity for growth in the facilities, and the location is extremely good for distribution for parcel, LTL, and airfreight. Lease continuance should not be an issue.
Competition
The personal products and pet care industries are both vast and highly competitive on a global scale. Thankfully this company offers product development that is scientifically backed with a quick turnaround. They can provide not only products for themselves, but they are capable of contract manufacturing for other companies needing their offerings with private labels. Because of the midwest location, their labor rates, lease expenses, and shipping costs are modest in comparison to coastal or international firms.
Growth & Expansion
Although they have a strong presence online, there is significant room for growth in this sector. With potentially being acquired by a buyer with Amazon development knowledge and skillsets, this would dramatically increase margin and throughput. In addition, pet products should be developed more because there is demand, along with sales efforts geared towards contract manufacturing where there is a much higher margin. Companies such as Chewy.com could be approached for manufacturing private label.
Support & Training
The active member is willing to stay on board for training and support as needed, which could be both short or long term. They are committed to a successful transition and would be an excellent teammate in the bigger picture with a corporate buyer. Product development is their personal strong suit.
Reason for Selling
Retirement
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