Manufacturer, Plastics - For Sale

Public
  • Listing# : 9225
  • Listed Price : $3,900,000
  • Total Sales : $2,950,000
  • SIC :
  • Down Payment : $3,900,000
  • Status : Closed
  • Discretionary Earnings : $418,000

Business Type :

Manufacturing / Mfg-Plastic Products

Business Description :

This is a business that is rapidly returning to its former prominence and 30 year history. The current value of this business is driven by its asset value. This value is supported by recent and separate appraisals of the Real Estate, Machinery & Equipment, and Business Valuations which are all owned by the business.
The Plastics industry is a large and growing business sector. Due to its strength to weight ratio of plastics and its ease of molding, the mix of its markets is considerable. This is a product development company that manufactures precision injection custom molded plastic components for the Medical, Defense and consumer product industries. The business does not have any proprietary products, but rather provides assembly and packaging of their components.
The medical equipment field is the majority industry served by this business. It is also the most profitable of the various plastic business sectors. This business sells to customers primarily in the Southeastern U.S. as freight costs are important to most clients. Marketing is by word of mouth referrals and direct contacts with past and existing customers. Its mid Florida location is ideal for manufacturing and freight costs.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl : No
    • Real Estate $1,300,000
    • Incl : No
    • Inventory $200,000
    • Incl : Yes
    • Liabilities $0
    • Incl : No
    • FF&E $2,248,800
    • Incl : Yes
    • Other: $0
    • Incl : No
    • Leasehold $0
    • Incl : No
    • Total Assets $2,448,800
    • Incl : Yes

Lender Prequalified: No

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