Plastic Thermoforming, Molding, And CNC Machine Business

Business Overview:

This business began in 1988 after the owners researched the need for a company in Illinois that could offer customers a plastic molded part for either prototyping or short run needs. It was found there was insufficient offerings of this type of business. At that time, the owners studied the industry, the machines, the processes and began to construct their own machines that would give them an edge in the market. They kept their investment low and their elbow grease equity high, thus giving the business a profitable return each year as it grew, many times doubling year over year.The owners were already connected to others in business and those contacts gave the owners introductions into offering plastic molded parts. These contacts have continued today, expanding into research professionals, engineers, and hotel chains. This company produces products and prototypes for a diverse customer base such as Goddard NASA, Facebook/Meta, Google, Amazon, Monsanto, and other research facilities worldwide.Throughout the business tenure, the owners often reinvested the profits into the business, adding structures and machinery, along with software and technology for continued expansion and growth. This company has set itself apart from all the rest both regionally and nationally by focusing on niche markets that other larger forming companies will pass on. Currently, their products are shipped to many states within the U.S. as well as many nations outside our borders.This business is ideal for business owners who are already in the fabrication field who want to add to their current business model or for someone who is looking to get into this field and wants an amazing staff that is highly proficient and able to take this company to the next level.

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Property Features and Assets:

The business has $1,200,000 in machinery, tooling, and tools that allow for designing and engineering, plastic vacuum forming, fabrication, and machining. There are three various shops on the premises.

Market Competition and Expansion:

Competition is minimal since the competition tends to be larger companies who focus on larger volume sales. This business has grown over the years by being recommended due to its low overhead which has always given it a huge advantage in the market. Typically, this company does not lose bids to other companies in their local region of the state. A competitive advantage of the company is that it is small, agile, smart, with a low overhead, great equipment, and knowledgeable staff.

Reason for Selling:

Owner is looking to retire.

Additional Details:

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