Business Overview

**Price reduced from $4,125,000 for quick sale due to owner heath issues!!***

Over 1 million in inventory and FFE included!!

This is an incredible opportunity to take ownership of a 34-year old PROFITABLE TURNKEY Contract Manufacturing Company with its own PROPRIETARY BRANDS that can be run from Anywhere in the USA. Price INCLUDES FFE & INVENTORY. The Founder/Current Owner started with a vision of putting together the capabilities to do high tolerance work that others cannot or will not do. Today the company does contract manufacturing for the government/defense industry (approximately 46% of the business), private labels its patented consumer products for other marketing companies and manufacturers that sell to consumers (approximately 18% of the business), also manufactures and sells its own consumer product (approximately 20% of the business), contract manufacturers medical components and products (approximately 12% of the business) and other consumer products (approximately 4% of the business). The company currently ships all over the US and to Europe. The company is known for its wide range of capabilities to produce high tolerance products, impeccable customer service and on time delivery. With over 90% of the business repeat customers it is easy to conclude that the ingenuity, quality of work and professionalism helps to sustain the relationships with the customers.

The company currently operates out of a 52,000 square foot facility and of that approximately 5,000 square feet is office space. The company has been in this location for almost 11 years and has approximately 16 months left on its current lease which can be assumed by a buyer. It has 50 full-time employees with a majority that have been with the company for over a decade (all willing to stay on). According to the Current Owner/Founder a new buyer can further grow the business by 1) proliferate its online sales presence 2) add a proven sales person with medical industry contacts 3) add a proven sales person in the government/defense industry. 4) Add a salesman with experience in the consumer products section of the company’s patented product.

The Founder/Owner is selling the company due to health reasons and is being forced to retire. The Seller will train and is willing to stay on as a consultant for a period of time if needed. Seller is willing to carry a small portion of the purchase price depending on the buyer and the offer. WON’T LAST LONG DON’T WAIT!

Financial

  • Asking Price: $2,500,000
  • Cash Flow: $525,000
  • Gross Revenue: $4,916,664
  • EBITDA: N/A
  • FF&E: $375,000
  • Inventory: $750,000
  • Inventory Included: Yes
  • Established: 1987

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:50,000
  • Lot Size:N/A
  • Total Number of Employees:50
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The company currently operates out of a 52,000 square foot facility and of that approximately 5,000 square feet is office space. The company has been in this location for almost 11 years and has approximately 16 months left on its current lease which can be assumed by a buyer. The facility is in excellent condition.

Is Support & Training Included:

Owner is willing to train and support the buyer under terms and conditions to be agreed upon

Purpose For Selling:

Health

Pros and Cons:

There are very few competitors in the USA that can produce goods to the tolerances this company can and that can handle the types of materials this company can. There is federal legislation that help the company secure contracts (Berry Law) as well as a strong movement to bring this type of manufacturing back to the USA.

Opportunities and Growth:

Current Owner/Founder a new buyer can further grow the business by 1) proliferate its online sales presence 2) add a proven sales person with medical industry contacts 3) add a proven sales person in the government/defense industry. 4) Add a salesman with experience in the consumer products section of the company’s patented product.

Additional Info

The company was started in 1987, making the business 35 years old.
The deal does include inventory valued at $750,000, which is included in the listing price.

The company has 50 employees and resides in a building with approx. square footage of 50,000 sq ft.
The real estate is leased by the business for $25,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals resolve to sell businesses. However, the true factor and the one they tell you may be 2 completely different things. For instance, they may claim "I have a lot of various obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may simply be excuses to try to conceal the reality of transforming demographics, increased competition, recent decrease in incomes, or a variety of other factors. This is why it is extremely vital that you not rely totally on a vendor's word, however instead, utilize the vendor's answer together with your general due diligence. This will repaint an extra reasonable image of the business's existing situation.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Many companies finance loans with the purpose of covering things like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that earnings margins are too thin. Many companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or may lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area bring in new clients? Many times, companies have repeat clients, which create the core of their day-to-day earnings. Specific elements such as brand-new competition growing up around the location, road building, and employee turnover can affect repeat consumers and also adversely impact future revenues. One essential point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business on a regular basis, the greater the chance to develop a returning client base. A final thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? Just how might the regional typical house income impact future income prospects?