Perfect owner operator oppotunity for someone with mechanical/automation engineering background!! The Company is an under-utilized facility that could accommodate a 2x sales growth with the current equipment on premise. All it needs is further sales growth initiatives to feed the beast as the Seller has only relied on referrals from the existing satisfied customer base for the past few years. The Owner is receptive to the idea of staying on for a transitional period as necessary to effect a smooth transition. The Company specializes in attachments for poly bag making machines and offers myriad accessories such as zipper sealers, cross bank punching units, handle bag coutouts, multi hole punching units, header and servo round bottom sealers, and equipment that helps unwind, fold and automate along with a variety of custom attachments. All the auxiliaries are designed and manufactured precisely to fit onto existing bag machines from a wide variety of manufacturers. Furniture, Fixtures, Equipment, know how, inventory & software are all included in asking price. NDA is required for preliminary first round due diligence package compiled by Broker.
Furniture, Fixtures, Equipment (FF&E): Included in asking price.
Facilities: Open 1,300 square foot facility with one office, fully built out, with no further major capital improvements required to ramp up operations.
Competition: There are other competitors manufacturing inferior products but with a complete absence of marketing spend and high quality products this Company has maintained productivity and revenues and a satisfied client base for over a decade.
Growth & Expansion: Increase in sales and business development activity (go to trade shows, market direct to past and secure new customers) would yield greater gross and net revenues for new ownership.
Financing: Ideally $104k Cash Minimum Down, Seller Carry of $95k with Terms TBA.
Support & Training: Long term transition period available (maximum 3 to 6 months).
Reason for Selling: Eventual retirement.
Asking Price $199,000
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