Plastics Packaging

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Background

BizEx ID:BizEx1271-AK
General Location:San Fernando Valley, CA
Category: Manufacturing
Years in Business:37
Under Present Owner:6
Hours of Operation:7:30am-3:40pm mon-fri
Owner Hours:6:30am-3:40pm mon-fri
Training:4 weeks @ 20 hours
Organization Type:C-Corp
Lease Expiration:3/2020
Lease Options:
Building Size:8,000
Employees:3
Reason for Sale:Moving Out of State

Financials

Asking Price:$199,000
Down Payment:Negotiable
Gross Sales:$494,979
Discretionary Cash Flow:$108,125
FF&E:$165,000
Inventory Included?No
Inventory:$25,000
Min. Operating Capital:$11,116
Real Estate Available?No
Rent:$8,000
Payroll:$6,000

2019 2020 2021
Gross Sales $ 423,982 $ 320,320 $ 494,971
Gross Profit $ 312,669 $ 254,201 $ 326,361
Disc. Earnings $ 95,858 $ 47,578 $ 108,125

Pictures


Description

More than 30 years of success defines this plastics packaging business.

Utilizing high speed automatic machines, such as Sencorp 2500 inline thermoforming, to provide quality, higher quantity attractive alternatives with shorter lead times for customers in need of packaging solutions.

Custom vacuum packaging, thermo forming, inline packaging, prototypes, assembly and die cutting are offered to customers.

The business specializes in clamshell and blister packaging, cosmetic displays, insert trays and molds.

OPPORTUNITY-The owner does no marketing. Buy this business; market and increase business dramatically.

Cannabis (marijuana) is the fastest growing industry in California and the United States. CA law requires that all cannabis products be packaged.

Located in the San Fernando Valley this business needs to be moved to a smaller, less expensive location as the landlord has raised the rent substantially..

Owned equipment is compatible with ABS, HIPS, PET, PP, PVC and others.

Equipment alone is worth almost $200,000. The business needs to be relocated. If you have room to move this business to an existing location (4500-4000 sf) this is an incredible buy. Otherwise space in North Hollywood is available at $1.40 per sf.

Interested parties please go to www.bizex.net and register as a buyer then contact Arthur Kessler, 310 882-2200 x126.


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.




Arthur B. Kessler
Business Broker / M&A Advisor
4640 Admiralty Way, Suite 500
Marina Del Rel, CA 90292
Office: (310) 882-2200 ext 126
Direct: (310) 650-7900
Lic#: 01227004

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations