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Turnkey Thermoforming Company

Name: Turnkey Thermoforming Company
Price range: $$

Listing

1743

SOLD!

Acquired By

Industry Buyer

Massachusetts

Revenue

$8,044,885

Cash Flow

$1,142,236

Asking Price

Accepting Offers

Sold Price

$5,000,000

Business Description

The company designs and manufactures custom thermoformed products for a wide range of applications and industries. Utilizing the latest design software, the company takes the customer’s physical model or 3D drawing and creates a package or protective end cap that exceeds expectations and meets required drop test specifications. The company also provides contract fulfillment services which involve designing and producing the thermoformed package, fulfillment of the package, sealing as required and shipping to the customer’s designated point.

The business facility and equipment are well-maintained and feature clean room capabilities. There is sufficient capacity to support significant sales growth without the need for substantial capital investment.

The retiring owner works 40-45 hours/week focusing on high level aspects of running the business and takes vacations without business disruption. The owner is available for a transition period.

FINANCIALS
2020 REVENUE: $5,907,379 OWNER’S CASH FLOW: $1,075,406
2021 REVENUE: $8,044,885 OWNER’S CASH FLOW: $1,142,236

ANNUALIZED 2022
REVENUE: $8,214,000 OWNER’S CASH FLOW: $1,562,000

Growth Expansion and Opportunities

Advertising and marketing would likely increase revenue. This new growth could be fulfilled by adding second shifts, nights, or weekends. Fulfillment services could be improved by promoting the existing capabilities to current customers as well as potential new customers. There is significant untapped potential in this area.

Support & Training

The seller will provide training and support to ensure a smooth transition

Reason Selling

Retirement

Terms

It is expected that a qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.

Broker

Molly Hanson

Confidentiality Agreement: Download, fill it in and return it to us via email or fax to get the identity and full report about the business

Download NDA PDF