BTS New England | Business Transfer Solutions

Listing Information

Plastic Injection Molding Co
Listing ID: 33677	Location: Massachusetts
Brief: This 57 yr old Company has become available due to the planned retirement of its owner. It is a leading source for molded parts utilized in various applications within the paint and flooring industries. The Company maintains many proprietary molds for various markets. The Company has installed specific automated equipment to reduce costs and remain competitive in the global marketplace.

Listed Price:

$2,150,000

Total Sales:

$4,519,000.00

Seller's Discretionary Earnings:

$988,978.00

Fixtures Furniture, & Equipment:

$384,198.00 (Included in Listing Price)

Real Estate:

$1,300,000.00

Inventory:

$156,155.00 (Included in Listing Price)

Financing / Terms:

SBA financing available. Limited seller financing available to qualified parties.

Business Information

Year Established:

1950

Number of Employees:

21 Full Time / 15 Part Time

Days and Hours of Operation:

Relocatable:

Yes

Franchise Information:

Facilities / Location:

The Company currently operates out of a 63,000 sq ft facility. Machinery has been properly maintained and there are modern offices. The building offers substantial excess capacity and is available for purchase or lease.

Lease Information

Lease Expiration Date:

Option:

Monthly Rent:

Additional Information

Reason for Selling:

Retirement

Business Description:

Potential for Growth:

The Company has recently developed a new plastic clip (used to level flooring during installation)with one of its key customers that has been picked up by the national box chains. This new product has increased '08 revenues by approximately $1 million with strong margins. The Company has many proprietary lines that can expand with enhanced marketing efforts. The facilities and workforce offer room for growth. The Company could use new energy in its marketing efforts.