Hot Listing
Well-established Fiberglass Manufacturer with Strong Growth Potential!
Business Description
This Company is a renowned leader in the fiberglass manufacturing industry, recognized for its innovation and quality craftsmanship. It specializes in providing critical infrastructure solutions for a wide range of applications tailored to meet specific project needs. With a legacy spanning decades and a commitment to engineering excellence, the business is positioned as a trusted partner in addressing the complex challenges of modern infrastructure development.
The Company operates with well-established systems, including procedures, policies, and manuals. The business is ISO 9000 certified, ensuring consistent Quality. The businesss uses its patented Expand-in-Place Integration (EIPI) technology, developed by its sister company, for rehabilitation projects. The production process includes bidding, manufacturing, delivery, and installation. The establishment typically requires a 50% down payment for orders, with the remaining balance due upon shipment. Some projects also require performance and payment bonds. Additionally, the business holds all necessary licenses and permits, which can be easily transferred to a new owner.
The business has significant growth potential. The business plans to expand its facilities, increasing its production capacity. Additionally, it's sister company's patented technology opens up new opportunities in infrastructure rehabilitation, an underdeveloped market. Expanding the Company's geographic reach and increasing market penetration will drive revenue growth. The business’s strong relationships with municipalities and general contractors provide a solid foundation for future expansion.
The Company operates with well-established systems, including procedures, policies, and manuals. The business is ISO 9000 certified, ensuring consistent Quality. The businesss uses its patented Expand-in-Place Integration (EIPI) technology, developed by its sister company, for rehabilitation projects. The production process includes bidding, manufacturing, delivery, and installation. The establishment typically requires a 50% down payment for orders, with the remaining balance due upon shipment. Some projects also require performance and payment bonds. Additionally, the business holds all necessary licenses and permits, which can be easily transferred to a new owner.
The business has significant growth potential. The business plans to expand its facilities, increasing its production capacity. Additionally, it's sister company's patented technology opens up new opportunities in infrastructure rehabilitation, an underdeveloped market. Expanding the Company's geographic reach and increasing market penetration will drive revenue growth. The business’s strong relationships with municipalities and general contractors provide a solid foundation for future expansion.
About the Business
- Years in Operation
- 66
- Employees
- 80
- Facilities & Assets
- The current premises are well-suited for the business’s operations, covering approximately 26 acres with about 53,000 sq ft under roof. However, as it grows, it anticipates needing more space to reduce transportation costs.
The current facility is built under an Economic Development 380 Agreement with the city. This agreement provides a 10-year tax waiver and financing at 3.5% from the city. - Market Outlook / Competition
- Established Market Presence
Exclusive Patented Technology
Prime Client Base
High-Value Assets Includerd with Sale
Strategic Infrastructure and Location
Strong Barrier to Entry
ISO 9000 Certification
Significant Market Opportunities - Opportunities for Growth
- The Business has significant growth potential. The business plans to expand its facilities,increasing its production capacity. Additionally, its sister company's technology opens up new opportunities in
infrastructure rehabilitation, an underdeveloped market. Expanding the Company's geographic reach and increasing market penetration will drive revenue growth. The business’s strong relationships with municipalities and general contractors provide a solid foundation for future expansion.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 53,000
About the Sale
- Seller Motivation
- Divesture
- Transition Support
- The owner is committed to a smooth transition, offering as much training as needed, including
a standard 30-day period post-settlement. He is open to providing additional support via
phone or email and may stay in a consulting role if beneficial to the buyer, with remuneration
negotiable.
Listing Info
- ID
- 2304477
- Listing Views
- 7251
Listing ID: 2304477 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. See our full Terms of Use. Learn how to avoid scams.