Plastic Thermoforming, Molding, and CNC Machine Business

Illinois

Asking Price:	$1,200,000
Inventory:	$175,000
Established Year:	1990

Cash Flow:	$334,000
FF&E:	$1,200,000

Listing ID: 2079269Listing provided by BizBuySell

BUSINESS DESCRIPTION

This business began in 1988 after the owners researched the need for a company in Illinois that could offer customers a plastic molded part for either prototyping or short run needs. It was found there was insufficient offerings of this type of business. At that time, the owners studied the industry, the machines, the processes and began to construct their own machines that would give them an edge in the market. They kept their investment low and their elbow grease equity high, thus giving the business a profitable return each year as it grew, many times doubling year over year.
The owners were already connected to others in business and those contacts gave the owners introductions into offering plastic molded parts. These contacts have continued today, expanding into research professionals, engineers, and hotel chains. This company produces products and prototypes for a diverse customer base such as Goddard NASA, Facebook/Meta, Google, Amazon, Monsanto, and other research facilities worldwide.
Throughout the business tenure, the owners often reinvested the profits into the business, adding structures and machinery, along with software and technology for continued expansion and growth. This company has set itself apart from all the rest both regionally and nationally by focusing on niche markets that other larger forming companies will pass on. Currently, their products are shipped to many states within the U.S. as well as many nations outside our borders.

This business is ideal for business owners who are already in the fabrication field who want to add to their current business model or for someone who is looking to get into this field and wants an amazing staff that is highly proficient and able to take this company to the next level.

DETAILED INFORMATION

Location

Illinois

Inventory

Included in asking price

Real Estate

Leased

Building SF

14,000

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

Facility includes two commercial lots which house offices, shops, bathrooms, employee break room, CNC shop, warehouse with office and kitchen, and bathroom with shower. There is a total of ~14,000 SF in the combined buildings. There is a parking lot in front of the buildings and across from the main office building. The business has $1,200,000 in machinery that allows for designing and engineering, plastic vacuum forming, fabrication, and machining. There are three various shops on the premises.

Competition

Competition is minimal since the competition tends to be larger companies who focus on larger volume sales. This business has grown over the years by being recommended due to its low overhead which has always given it a huge advantage in the market. Typically, this company does not lose bids to other companies in their local region of the state. A competitive advantage of the company is that it is small, agile, smart, with a low overhead, great equipment, and knowledgeable staff.

Growth & Expansion

There is quick growth opportunity in the following areas: -Invest in equipment capable of forming larger size products. -Capitalize on the existing contracts with the major universities to deliver all products needed. -Expand to adjacent markets. -Increase revenue and capacity by adding greater volume of sales and shifts as needed.

Support & Training

Current owners are willing to work with the buyer in training the new owner/operator.

Reason for Selling

Owner is looking to retire.

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