This plastic parts manufacturer consists of 3 businesses, all of which are being offered strictly as an asset sale (value of assets). There are numerous plastic injection molding machines in place ranging from 150 tons to 1,000 ton presses. Sales on these machines is inconsistent. The company also owns molds that makes a round version of a Portable Toilet which should be patented but has not been done so yet. They are quality products and the company has only made them for their own use in the Portable Toilet Rental business. There are two tank trucks that service the toilets (about 250 units total). Gross rental income is about $20,000 per month and this is profitable business. They service a dozen counties in the surrounding area. Most customers are construction related or special events. Rental income is $82 per unit per month for most. The third segment of business is a rubber band toy gun business that has a product line. The company makes a wooden body in various sizes. The company makes the plastic parts from their injection mold machines and the products are assembled in house. The rubber band guns are sold mostly to beach stores and customers are obtained through 2 trade shows. The Seller had planned to pass this business down to his son, but he died of cancer recently. The father and son did everything together and the owner is now devastated. He has no other family to pass the business to and is in his 70's. During the one year illness, the business saw sales decline as neither the father or son could put the time into the business. If is for this reason that this business is being offered for sale strictly as an asset sale. Whatever sales go with the business are essentially free to the buyer. All assets are owned debt free and the seller may offer some seller financing on a buyer for buyer basis only.

Posted Oct 24, 2014

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