Injection Molding Manufacturer
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1900000
Net Profit / Cash Flow $60000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1999
Number of Employees 10 - 19
Inventory 940000
Relocatable Yes
Number of Employees 10 - 19
Real Estate Owned
Training Six month transition, no charge.
Reason for Sale Focus other investments.
Description 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, 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 ***
Click Here To Contact Seller
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