Request More Information Contact the Seller
- RE: $1MM FFE Incl. Specialty Foam Manufacturing Biz
- Contact: Rick Carlson
- License #: 1820673
Quick Facts
| Asking Price: | $1,500,000 | |
| Annual Revenue: | $1,292,900 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $233,450 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $1,075,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1960 | |
| Employees: | 23 | |
| BBN Listing #: | 951326 | |
| Broker Reference #: | 1271 FOAM |
Business Overview:
This family-run legacy manufacturing Company began by developing a proprietary thin wall molding technique known as “DRY molding.” Since its first “smooth-surface” product, operations have used the technique for numerous other storage, protection, and shipping products. Today, the Company is known and respected for its production of precision-molded foam products and custom-designed molds.
Customer applications include precision floats, insulators, structural parts, wafers, fiber coil management, and more. Sixty years of servicing this macro environment and providing these specialty items have created a reputation in the industry for innovation and quality.
The many molds are included with the sale. Some are for exterior boxes which will enable ongoing opportunities for a Buyer thanks to the ability to make thousands more custom projects for minimal cost.
While others in the industry (more commodity-oriented products) sell for 2-3 material costs, this operation easily sells at 10 x material costs.
Its efficient, compliant facility and group of dedicated employees make this a turn-key opportunity to keep a legacy operation going.
The Seller has a 15-point transition plan to ensure the success of a transaction.
NDA is required to receive a comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Facilities: The custom-fitted space, that meets all air quality standards, is 27,000 square feet of manufacturing and office space. The current lease extends through 2026. Rent is $9,400 per month.
Market Competition and Expansion:
Competition: The molded foam industry has three distinct segments. This operation falls under shape molding which produces custom packaging and components.
Most direct competitors use large steam chests, resulting in products with vent marks across the surface.
The difference in cleanroom manufacturing is the quality and the production of a truly smooth surface finish. This company’s reputation is built on its premier ability to mold small, thin parts, and caters to those who demand such quality, like medical applications.
Those that produce rough surfaced parts are not competitors.
Growth & Expansion: The Seller has a detailed outline of steps to increase sales and expand the previously dormant marketing plan by seeking new medical and component applications.
He also foresees opportunities for high-density foams as replacements for thermoforms, fabricated urethane, and injection molded parts.
An aggressive marketing plan would include reinstating trade show participation. Initiating SEO would also bring in additional prospects when orders increase, adding a third production shift would increase capacity.
Reason for Selling:
It is time to retire.Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
- View more California businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
Request More Information
