MANUFACTURING BUSINESS

Offered is a manufacturing business that specializes in the production of high-quality bathroom fixtures (Showers, Tubs, Tub/Shower combos, spas) from fiberglass resins.  The business currently employees 15 persons. 

This is a successful family owned business that has been in existence for over 40 years. It remains well respected for product quality and service in the regional plumbing wholesale market.  In recent years a secondary web-based direct sale program has been developed for markets outside the region which now accounts for 12% of annual revenues.

The owners now desires to retire.

When the business was founded, it was located in an area largely devoid of residential development.  Over the years, an increasing number of homes have been built in the immediate area which would dictate that this business needs now to be relocated to a non-residential area where the resin related manufacturing operations are easily permittable.

Offered for sale under this listing are the following:

• molds (65)  (original cost abt $ 800,000, current value abt $ 250,000)
• all equipment and vehicles  (abt $ 100,000)
• existing raw material  (abt $ 50,0000
• existing inventory (cost value abt $ 100,000)
• vehicles (abt $ 25,000)
• goodwill, developed site, list of buyers & vendors

The owners are willing to discuss the sale of the above assets to a serious minded party who desires to continue the good fortunes of this business into the future. Gross Revenue for 2005 came in around $ 1.3 million.  EBITDA profit came in at about $ 250,000.

The business (to be moved offsite) is offered for sale at $ 500,000