Business Type: Light Manufacturing & Distribution
Overview:
The founders began the Company in the 90's, providing high quality light manufacturing plastics to Fiber Cans, Tubes, Drums, and Similar Products consisting of high quality, heavy gage plastic. The company has the only plastics on the market with a reinforcement product. The Company products are made with a unique blend of plastic pellets that are not proprietary, but do involve trade secrets. The customers are within the transportation of container and waste industry. The Company has a reputation for producing high quality, cost efficient products:
- A much more durable product than that of their competition
- A longer life, because of high quality
- A product that lasts much longer than that offered by their competitors
2008
Revenue $10,500,000
Cost of Goods $ 6,200,000
% of Sales 37%
EBITDA $ 798,000
% of Sales 8%
2009P
Revenue $10,750,000
Cost of Goods $ 7,200,000
% of Sales 33%
EBITDA $ 1,000,000
% of Sales 10%
The Company presently has over 500 customers (of the 11,000 potential customers nationwide). The Company has done minimal marketing to this community of potential customers to date. With OEM's, the Company is in the process of developing a complete database of potential OEM's. They are developing a regular e-mail broadcast to the OEM's and providing promotional mailing programs to this industry. A potential synergistic partner would be a national or large distribution partner.
The facility is 5,300 SF offices space and 15,000 SF warehouse, seller will lease to buyer. The seller is looking for an exit strategy and will stay on post closing up to 12 months.