MergerPlace

Custom Plastic Products Manufacturer

Massachusetts


  • Asking Price: $425,000
  • Gross Income: $1,066,690
  • Cash Flow: $157,677
  • Real Estate: Not Disclosed
  • Inventory: $32,860
  • FF&E: $63,627
  • Listing ID: #206798
  • Established: 1977
  • Employees: 4 FT/ 2 PT

Business Description

Heads up! Look at the ceiling and if you see a fluorescent light, this niche manufacturer may very well have made the plastic lens that's covering it. The company performs custom vacuum-and-drape forming of replacement lenses, covers, diffusers and shades for fluorescent light fixtures. Their end products include wraps, sheets, guards, louvers, baffles, globes and many more, shipped all over North America. The vast and loyal customer base - from lighting resellers and residential & commercial end users to markets as diverse as higher ed, healthcare, hospitality, and government - knows that this outstanding company has the details covered in more ways than one.


Business Details

Primary Business Category: Manufacturing - Plastics & Rubber Products
Location: Massachusetts

Company Information

Year Established: 1977
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT/ 2 PT

Financial Information

Asking Price: $425,000
Gross Revenue: $1,066,690
Cash Flow: $157,677
FF&E: $63,627
Inventory: $32,860
Seller Financing Available: Yes

Property Information

Facilities:

The lease of this well-situated space comprising 13,000 square feet runs through September of 2021. The final three years of the current agreement cap off at $7,583/month or $7/sq ft which is fair and appropriate for this particular MetroWest locale.

Growth & expansion opportunities:

From the local pizza shop to the White House, opportunities to sell lenses abound. Two key areas for growth potential for this company are web store sales and adding an inside salesperson. For the former, it will mean increased efficiencies by eliminating manual orders; as for the latter, a well-planned sales strategy through direct customer contact will surely prove fruitful.

Competition:

There are esteemed competitors in all four corners of the country, most notably those in New Jersey, Florida, Texas, Minnesota, California and Washington state. However, only a select few have the molding capabilities of this company. Most are similarly small and niche-oriented and, as noted, there are opportunities at every turn and plenty of business for all to enjoy. One major difference is whereas competitors insist on minimum quantity orders of 6 pieces or more, this company has perfected the art of profitably selling a single piece or thousands at a time.

Reason for selling:

After an amazing run over four decades, the owners look forward to enjoying their well-earned retirement years.

Support & Training:

Will train for 4 weeks @ no cost. The two owners each work on average 45 hours per week while also enjoying multiple vacations every year, frequently traveling abroad to spend time with their family. The key to such flexibility is the long-term, self-directed team. No licenses are required to fill various roles throughout the company; the owners oversee operations, customer service and accounting.

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Business Listed By:

Chris Bond

Murphy Business Brokers