Ilinois Mfg-industrial Products Business For Sale 26826

Manufacturing Businesses For Sale
3401 Evanston Ave. N. Ste. A
Seattle, WA 98103

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Category: Manufacturing SIC:
Detail: Mfg-Industrial Products Price: $0
County: Down: $0
State/Prov.: IL Adj Net: $1,400,000
Country: USA Sales: $6,900,000
Relocatable No Home based No Franchise No Lender pre-qualified No
Headquartered in the Chicagoland area, the Company engineers and manufactures industrial machinery and equipment

With 50+ years of experience, Company has serviced leaders in industries such as automotive, Pharaceutical, food and beverage, cosmetics, finance, medical, household appliances etc.

These equipment have applications in label, ID card and plastics segments of the above industries

Company is one of North America?s top manufacturers of industrial machinery and equipment in the industries that they serve

The Company has entered into partnerships with leading companies to merge their respective core technologies and develop innovate products

The Company has 28 employees

Restructuring efforts allowed the company to cut costs and raise prices ensuring strong profit margin potential for the future˙

The Company produces high quality products and can benefit from a buyer with more established marketing presence. Currently they outsource all strategy with a digital marketing firm

Results have produced current backlog of $3.0 million for next 4 months and additional $2.0 million in sales for next 60 days

Company suffered losses over the historical period primarily due to major restructuring process undertaken to design new products. The purpose of the restructuring was to ensure competitive advantage and maximize profitability for the decade to come. Further, the Company spent considerable resources to develop products that met customer needs and has begun to garner the profit and growth that was previously anticipated

The industry was heavily impacted due to COVID-19 and the company experienced a significant drop in sales in 2020

FYE 2021 demonstrated significant improvement. Net margins have the ability to essentially double in the years to come, with revenue growth coming from several initiatives in the next couple of years. Company predicts potential to double revenue in years 3-5. Projections through 2023 remain conservative. All growth forecasts require minimal marketing efforts and expenditures

After a successful run, the seller group is seeking to retire and exit the business. The group is willing to provide transitional support as required by the transaction

The Seller is seeking a stronger financial buyer that can leverage marketing expertise, or a strategic buyer with strong technical grasps and marketing teams in place to help scale across geographies and product lines in order to fully maximize the potential for this firm in the years to come
A/R: Real Estate: $1,400,000.00
Inventory: $2,321,114.00 Other Assets: N/A
FF&E: $149,126.00 Total Assets: N/A
Leasehold: $ Included: N/A

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