Plastic Injection Tooling Manufacturer
Location Ohio,United States
Asking Price Range $250K - $500K
Gross Revenues $575000
Net Profit / Cash Flow $115000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1900
Number of Employees > 200
Inventory 150000
Relocatable No
Number of Employees > 200
Real Estate Leased
Training Seller will provide training
Reason for Sale Retirement.
Description This company focuses on the design, building, revision, and repair of tooling for the plastics industry. They service customers in the automotive, appliance, water treatment, gun, electronic components, power transmission, and medical industries. They specialize in close tolerance precision components and complete mold building which may include, hot runner manifolds, multiple-action slides, and single or multiple cavitation.
Utilizing the latest technology, CNC machining centers and EDM stations are utilized to build to the most complex, close-tolerance specifications. The current owner is retiring but is willing to assist in the transition of the business over an extended period if the buyer is interested. He has lost the passion of knocking on doors for new business like when he initially started.
The owner currently works approximately 25 hours weekly with approximately half of his work being able to be done from home. The buyer should have familiarity with the industry and an understanding of technical tool build quoting. The business does not have a sales staff or a website. Currently the company engages in very limited marketing activities and relies mainly on previous customers or referrals. Most of the customers are within roughly a 75 mile radius.
The owner has not recently explored other molding or machining markets outside industries that they have served for years. A new buyer could also grow by using the existing equipment to manufacture extrusion or stamping dies. Also, the company currently just builds molds and does not have the capability of molding in house which could present another opportunity for expansion. The revenue and cash flow are year-end 2009 estimates provided by the owner based on three quarters of information. The sale price of this business is just $300,000, and includes $150,000 of FF&E. Contact for more information on this Plastic Injection Manufacturing business for sale.
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