Manufacturer of products sold worldwide to makers of sanders, polishers, and abrasives, as well as to industrial distributors since 1968.
An outstanding opportunity to own a well-established manufacturing business, or great strategic purchase for the company looking to expand its customer base.
In business since 1968, the company manufacturers perishable tooling used in industrial settings, service industries, and repackaged by some customers for retail sales. The tools are sold under the company’s brand name or are private labeled per customer requirements. Customers are mostly industrial supply distributors, abrasive manufacturers, and power tool manufacturers. The company has a broad product line of over 200 SKU’s.
The company maintains a very impressive customer list of over 100, with many purchasing products for over 20 years. Emphasis on gaining new customers has not been a priority for the company in recent years. A growth minded buyer may find that this is an area of improvement that should yield great dividends, for the companies’ market share is small.
The company has 3 injection molding machines, die cutting and foam molding equipment, as well as a large assortment of molds, dies and other support equipment. All tooling and equipment are in good condition, of sufficient capacity to maintain the current level of business, with additional capacity in-place available for future growth.
The small staff of 9 are able to handle the day-to-day activity, with some being with the company 20 years or longer.
Historical sales have ranged between $650,000 -$1,250,000 per year, the first quitter of 2022 is looking strong with revenue of $251,200.
Located in a 11,000 square facility in southeastern Michigan in very good condition, the owner desires to sell the building with the business. The estimated value of the building is $500,000.
The owner is ready to retire, however, will stay post-closing in order to facilitate a seamless transition to the new owner. For more information on this outstanding business opportunity, please contact Glen Toadvine at glen@mwbusinessadvisors.com.
