Manufacturing Firm - Industrial Drying Equipment
Location United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $3500000
Net Profit / Cash Flow $800000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1999
Number of Employees 6 - 9
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Training Yes.
Reason for Sale Owner nearing retirement.
Description Our client's company was formed in 1999 as an environmental solutions company that develops and markets ''leading edge'' industrial drying technologies that provide environmentally friendly and cost effective alternatives for industrial waste disposal. The company's innovative and technologically enhanced solutions, products and services process a broad range of waste materials into products that have added economic value, or that can be beneficially re-used. The company's proprietary product, the GT Drying System, is available as a completely mobile machine, or as a factory assembled modular system for permanent installation. The GT Drying System employs innovative and patented technologies for removing moisture and destroying pathogens in many types of industrial and municipal waste materials. This sophisticated system has successfully processed municipal bio-solids, industrial sludge from citrus processing, animal-rendering facilities, and electronics manufacturing. Other by-products that have been processed include: paper sludge, animal wastes, ethanol DDG's, glass, mycelium, and dredge residue. The company provides waste reduction and recycling solutions to an ever expanding array of industries. There is enormous future growth potential in multiple industries. The business is for sale because the founder expects to retire within the next 4-5 years, however, he will remain with the company as long as the new owners desire. The firm has recently entered into licensing agreements that will generate large sums of money through royalty income. This business could be re-located without too much difficulty, as the firm has made provisions to out-source (USA) all manufacturing. Therefore, a new owner could, if he so desires, be involved only in licensing, marketing and sales of the products and technology. This company is in its infancy, as much time has been spent on R&D and refining the products. A new owner will have a business that is primed and ready to grow.
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