| Asking Price: | $950,000 | Inventory: | $340,000 ++ |
| Gross Revenue: | $1,900,000 | Real Estate: | n/a |
| Cash Flow: | $60,000 (comments below) | FF&E: | $580,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: SDCF | |||
The majority of sales goes to East Coast customers, with medical, appliance and marine applications being the major users. The company can count Fortune 500 companies among their consistent customer base, and has excelled in resolving very special customer needs, thus, avoiding the mass market for injection molding.
The seller owns the facilities, located very central and easily accessible from major highways. The owner will extend a favorable lease.
The company has enjoyed a stable sales level for the past five years, which could be enhanced significantly by a geographical expansion and intensified marketing efforts. However, due to a significant increase in raw materials in ’07 without implementing the needed increase in customer pricing, the company has experienced a significant decline in cash flow. Furthermore, inadequate financing arrangements have left the company without sufficient working capital at this point.
With only $195k down payment and $90k seller financing, a buyer will acquire a proven manufacturing facility with an asset base of $900,000. (The assumption of A/P of $400k is significantly offset by $200k in A/R).
The technically very experienced management – ready to stay on if need be - coupled with sufficient facility space could provide for an expansion without an increase in fixed costs.
. *** ALL DATA BASED ON SIGNED TAX RETURNS ***
KEYWORDS: Our client is operating a manufacturing company that provides custom injection molding parts in rubber, silicon, plastic, TPE and liquid silicon. The company has its own machine shop developing the respective custom plates and can provide design services for specialized customer needs. The majority of sales goes to East Coast customers, with medical, appliance and marine applications being the major users. The company can count Fortune 500 companies among their consistent customer base, and has excelled in resolving very special customer needs, thus, avoiding the mass market for injection molding. The seller owns the facilities, located very central and easily accessible from major highways. The owner will extend a favorable lease. The company has enjoyed a stable sales level for the past five years, which could be enhanced significantly by a geographical expansion and intensified marketing efforts. However, due to a significant increase in raw materials in ’07 without implementing the needed increase in customer pricing, the company has experienced a significant decline in cash flow. Furthermore, some poor financing arrangements have left the company without sufficient working capital at this point. The facility is pre-qualified on an SBA lending base for $270k, and with only $
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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