Contact: Michael Greengard
Email: [email protected]
Your Reference ID: MG1051517
It has been a great 28 year run for the founder/owner/seller of this successful and high cash flowing manufacturer of specialty livestock products.
The livestock division generates $3.25 million in annual revenues with an average SDE (seller’s discretionary earnings – the historical, normalized annual cash flow available to pay an owner operator and service debt) of $580,000. The larger business (of which the livestock division is a part) is expanding and now requires 100% of the owner’s time and attention. His inability to devote adequate time to the profitable livestock division could be your opportunity.
These unique (with valuable design patents in place), engineered products are manufactured in both steel and plastic at the expanding facility of the core business (which is ISO 9001 compliant). The seller will enter into a manufacturing contract with the buyer insuring a quality product at a strong margin without buyer commitments to plant, equipment and/or employees. The buyer can office at the West Michigan core facility or move the office to a location of his choice.
The division comes with $300,000 of dedicated tooling (at original cost – current replacement cost is approximately $600,000) along with an active inventory pegged at $190,000. The business is being offered for $1.975 million, an attractive 3.4x SDE and .6x revenues. In addition, a meaningful six figure seller note will be available for a qualified buyer.
For more information on this outstanding business opportunity with significant barriers to entry, please contact Mike Greengard (firstname.lastname@example.org).
Asking Price: $1,975,000
Cash Flow: $580,000