Rapidly Expanding Tier 2 Auto Supplier
Not Disclosed, TX Not Disclosed
South Central Texas
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- RE: Rapidly Expanding Tier 2 Auto Supplier
- Contact: Dough Scheiding
Quick Facts
| Asking Price: | Not Disclosed | |
| Annual Revenue: | $2,200,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $3,000,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 25 | |
| BBN Listing #: | 988015 | |
| Broker Reference #: | S512 |
Business Overview:
The company is an approved Tier 2 supplier to the Automotive Industry with several manufactured plastic products for use in US based cars and heavy duty trucks. They are filling a void left in the industry by the closing of a previous automotive supplier in their segment. The foundation and investment have been put in place the past couple of years for long term success. The company is in the final stages of procuring additional long-term contracts / purchase orders after passing durability testing and expects revenue to possibly triple in 2025 to $5-$7M leading to profitability by mid year. Production is currently running two shifts Monday through Friday and in the process of adding a third.
The reason for sale is recapitalization due to the health issues of one of the owners and investment in
infrastructure to meet demand of additional booked projects in near future.
With over 1750 manufacturing plants and growing, Texas ranks No. 7 in the US in total automotive employment. Texas’ competitive labor costs and strong productivity in auto manufacturing has cemented the state as the most cost-efficient auto region in North America.
While the company is poised for significant growth in the near future, the owners are selling for recapitalization as one of the owners has a health issue and initial start up was more costly than anticipated. The remaining management team (owners) are willing to stay on post transaction. Although the company is relatively new, the management team has over 100 years of experience in the plastics manufacturing industry and could be expanded to other types of vehicles and industrial markets.
This is structured as an asset sale and is neither an offer nor a solicitation to sell securities.
Detailed InformationReal Estate:LeasedBuilding SF:N/ALease Expiration:N/AEmployees:25Furniture, Fixtures, & Equipment (FF&E):Included in asking priceFacilities:Located in a newly leased facilityGrowth & Expansion:Revenue expected to grow 2-3x in 2025Support & Training:Seller will negotiate a transition periodReason for Selling:Health Issues
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Reason for Selling:
Health ReasonsAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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