Located in the NW Suburbs of Chicago (Kane County)
Sale includes: the Business, all Equipment & all Fixtures.
Purchase Price / Business only = $539,000 plus inventory
This injection molding manufacturing business originally opened for business in 1961 and was acquired by the current owner in 1996, restructured in 2009, and today focuses on the manufacturing of precision, plastic molded components for power transmission and motion control products.
The company has an injection molding facility for short run, highly profitable plastic injection molding. The firm also conducts secondary operations, such as drilling, tapping, and flange welding on the premises along with a fully equipped inspection department.
As a result, they have a competitive advantage over competitors who focus on longer run, higher capacity jobs. This company relies on fast turnaround for tooling, mold changes, and molding, so the time- frame from order reception to customer delivery is within days, not months.
Markets being served include: computer peripheral equipment, office machines, power tools, medical, dental and laboratory equipment, sports and recreation, home appliances, lawn and garden, industrial machinery, packaging and conveyors, gaming equipment, toys and games, and telecommunications.
Specific products offered include: Stock and custom gears, sprockets, flexible beam couplers, and timing belt pulleys, plus a wide variety of custom non-drive components such as housings, bushings and bearings, connectors, bobbins, and more.
This business currently uses the following marketing channels for sales:
Direct corporate new sales, Independent sales representatives, Word of mouth/referrals, Internet with a database driven catalog web site, Trade shows, Public relations notifications, Alliances and distributors, Direct advertising & other catalog component manufacturers.
The niche selected by this company represents a stable, growing area that displays the following barriers for competition, domestic and foreign: Order size, Capital cost for product lines, Quality of parts, and Variety of products.
Material emphasis is on engineering and industrial grade resins, such as acetyls, polycarbonates and nylons, with a growing requirement for polypropylenes and other thermoplastics depending on the customers’ needs.
Customer service is a highlight of the firm, featuring high quality, availability, and fast delivery of parts. The firm will hold small inventory levels for current customers on modified and custom components. This turns into a competitive advantage so that a customer should never have a zero-stock level.
Another advantage this company has is the tooling capabilities to design, make, and modify their own molds and has a large supply of high quality molds and cavities. All molds are on the premises so that management of all phases of the manufacturing process is within the firm ensuring the standards of quality in a low-cost environment.
Many opportunities exist to launch new products, such as gearboxes, one-way clutches, and linear actuators, for example. These products are based on the existing catalog components and expertise.
Other areas of opportunity include investments made in acquiring patents, further website development, increasing online presence, and developing a team of outside sales rep firms for both domestic and foreign markets. Forging alliances with other manufacturers has historically served as a great channel and could be developed further to include new targets, many of which have already shown interest in existing product lines.
This is a viable manufacturing business with good product lines, expansion capabilities, and customer base, and potential for growth.
The current owner has operated the business for 22 years and has decided to consider retirement.
Annual Gross Sales
2017 = $586,681.00
2016 = $441,739.00
2015 = $549,492.00
2014 = $497,829.00
Business Hours
Monday - Friday: 7:00am – 3:00pm
Note: Owner will consider financing a small portion of the sale price for a well-qualified & experienced buyer.
Asking Price/Business only: $539,000 plus inventory
Gross annual sales (approximately): $586,681.00
Cash flow (approximately): $181,603.00
Value of furniture, fixtures & equipment (approximately): $175,000.00
Value of inventory (approximately): $125,000.00
Lease details (approximately): The Gross Rent is $5,365.71/month. The building is a 1-story, approximately 7,499 sq ft. Lease goes through June/2021 (including option). Rent increases are 2.9% annually.
Seller Financing: Owner will consider financing a small portion of the sale price for a well-qualified & experienced buyer.
Contact: Tony Gavros This email address is being protected from spambots. You need JavaScript enabled to view it., (847)722-1877 Advantage Business Acquisitions, Inc.
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