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Manufacturing Converting Machine Custom
Location New Jersey,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1200000
Net Profit / Cash Flow $445000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1900
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Negotiable.
Reason for Sale Not disclosed.
Description Converting machine Manufacturer Profitable, dominant manufacturer in converting industry is enjoying the benefits of a reputation for the highest quality equipment at competitive prices.
Asking Price $2,300,000.00
Revenues $1,200,000.00
Cash Flow $445,000.00
All equipment, goodwill, staffing, drawings and proprietary intellectual properties are included in the sale. Asking Price: 3.4 M (Entire Business and all drawings, website, order backlog and machinery)
Revenue Notes Backlog of orders in place exceeds 495 K at present and is growing. Request for Quotes in orders is 3.6 M for 2011 and growing! Company is nearly debt free and operates a spotless state of the art factory.
Lease Property Not included; available for lease $4/ft annually
Reason for Selling The Seller is 68 years old and plans on retiring in the next 3 years or so. The Seller will remain on during this period at the compensation rate of $35/Hour. An additional Engineer has recently been hired and will be fully trained in machine design at the anticipated cost of 50K per year. The seller feels strongly that by devoting his future efforts at the company to purely design and similar functions and production he can be as productive as today due to the elimination of general and administrative duties he currently is distracted with.
As of December 2010 3.0 M in request for Quotes have been supplied by the Company to various customers and the Company anticipates conservatively this will translate into approximately 2.0 M plus in orders in and of itself during 2011.
Number of Employees The Company has a staff of 8 technicians/machinists in addition to the shop supervisor who has 25 years experience with the company and the Seller who is both the president and primary designer. Over 150 years of combined employee experience offer the best in design and quality.
Building Size The facility itself is 9,000 square feet of plant manufacturing space and approximately 1000 square feet of office
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