Description of the business for sale
This company designs and manufactures top quality heavy-duty customized automatic case packaging equipment at an average cost of about $125,000 per machine. Professional engineering and design are done on site. Primary markets are to Food Industries, Building Products Industries, Consumer Products Industries, and Paper Products Industries. Most of it's customers are located in the United States and Canada, although the company also has customers in China and Brazil.
GROWTH: The seller has returned to profitablility after a couple of difficult years. 1st Q 2008 orders $2,000,000. A careful analysis of outstanding quotes and based on their customer and industry experience; the company is expected to hit about $3,000,000 sales this year. The seller has enjoyed a long history and great reputation in the industry and feels that that new ownership with an increased focus on marketing will provide a significant opportunity for growth in sales and earnings.
ADDITIONAL FINANCIAL INFORMATION
•Inventory: $929,000
•FF&E: $87,500
•Real Estate$900,000
REASONS FOR SELLING: Other interests
Support / Training provided by seller
Management is in place and prepared to assist a new owner as needed. The company has a loyal, experienced and professional staff using the latest technology and is poised for future growth.
Description of the facilities
The 28,500 square foot building is modern and well lit, and suitable in design and function.