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| Asking Price: |
Not Available |
Status: |
Active |
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| Business Type: |
Manufacturing / Fabricated Metal Products
Manufacturing / Rubber And Miscellaneous Plastics Products |
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| Business Location: |
Ohio |
Broker Coop: |
No |
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Annual Income Information |
Labor Information |
| Gross Sales: |
$9,323,000 |
Full-Time Employee: |
22-32 |
| Cash Flow: |
$2,700,875 |
Part-Time Employee: |
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Business Detail Information |
Lease Information |
| Form of Ownership: |
S Corporation |
Leased SqFt: |
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| Year Established: |
1982 |
Rent /Month (Include NNN): |
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| Accounting Info(years): |
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Lease Exp.Date: |
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| Franchise: |
No |
Original Lease (# of yrs): |
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| Liquor License: |
No |
Lease Left (# of yrs): |
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| Seating Available(#): |
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Lease Option (# of yrs): |
Open |
| Parking Space(#): |
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Lease Renewable: |
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| Hours of Operation: |
Mon - Fri 7am - 4pm |
Lease Transferable: |
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| Reason For Sale: |
Retirement |
Rent Increase: |
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| Seller Training Available: |
Yes (Negotiable) |
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Price Description |
Financial Information |
| Real Estate Included: |
No |
Seller Cash Out: |
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| Real Estate Value: |
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Seller Financing Available: |
No |
| Fixture & Equipment Included: |
Yes |
Seller Financing Amount: |
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| Fixture & Equipment Value: |
$2,015,000 |
Seller Financing Term(years): |
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| Inventory Included: |
Yes |
Annual Interest Rate: |
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| Inventory Value: |
$500,000 |
Min. Down Requested: |
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Business Description |
Numbers speak louder than words! This niche manufacturing services company has averaged in excess of $1.5M in annual EBITDA over the most recent (including current) 8 years. And business is booming! 1st half 2010 posted a pretax profit in excess of $1.3M. Management estimates 2nd half pretax profit of approximately $700+K, bringing anticipated total 2010 pretax profit to $2+M. 2010 EBITDA is projected at near $2.7M.
This Midwest company is ISO 9001:2008 CERTIFIED and earns high profit margins by providing “one stop” product development and production services for the manufacture of aluminum injection molds. The company’s profitable niche is (1) its ability to rapidly design and build hardened aluminum molds for customers needing low-volume injection “shot” requirements, and (2) producing and delivering the injected parts all from the same location. When needed, high-volume injection runs can also be provided.
Historically profitable, paying its 2 shareholders significant benefits plus salaries ranging from $600K to over $1M/yr. The historic normalized EBITDA has ranged from 18% to 22% of revenues for 8 years running (including annualized 2010). 8-Yr. Avg. Annual Sales $7.3M; 8-Yr. Avg. Annual EBITDA $1.548M; 8-Yr. Avg. Ratio of EBITDA to Sales 21.2%. Pretax Profit 1st half 2010 was $1.3+M. The company has no long term debt and very little current debt; working capital is excellent. Projected 2010 EBITDA $2.7+M (management’s anticipation). Strong 2011 shaping up. The company owns trademarks on certain of its unique processes, giving it technological superiority over MANY competitors. Other considerations: Well-established / seasoned management team (don’t rely on owners for day-to-day ops); Non-union; Employees Cross-trained; System redundancy procedures in place; Operations well-organized and documented; Leading-edge technologies; New file servers and computer technologies.
Principles Only. Company Info supplied after securing (seller-provided) signed Confidentiality/Non-Disclosure/Non Compete Agreements & Buyer’s Verified Financial Information. |
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