***COVID-19 Impact: Prior to COVID, the Company consistently produced strong positive cash flows, with SDE in excess of $600K+ in each of the years 2017-2019. The Company is now in a situation where, despite strong quoting activity, new mold builds have stalled because customers are very slow to approve launches.
Despite suppliers offering credit terms and on-time deliveries, and an open and transparent relationship with his bank, the owner is legitimately concerned about the Company’s medium-term ability to meet its loan payment obligations and thus has a sense of urgency to sell all or part of the Company to a buyer with capital and relationships to maintain continuity for the many skilled and loyal employees, and long-term customers.***
This Company is an industry-leading builder of close tolerance molds. As a skilled mold company, the Business specializes in every area of insert molds, two material molds, and test specimen molds. High-value products, quality, responsibility, and efficiency are enforced from the top-down throughout the medical, plastic R&D, furniture, consumer goods, and automotive industries. The Company offers plenty of competitive attributes (including its strong customer relationships, niche expertise, and high-quality products) to provide efficiency, value, and quality core to this Company’s mission. This commitment has allowed the Company to tackle any project on any budget, with extremely precise specifications.
Additionally, the Company has built a reputation for value. The Company places value on mutually beneficial relationships with its customers, and because of this, they have crafted a reputation as a fair, consistent Business.
The Company has implemented rigorous engineering techniques to assist customers from part design to molding parameters. Additionally, utilizing the latest technology, the Company can accelerate time to market.
Technology and manufacturing are yet another cornerstone of this Company. The Company not only believes in utilizing technology to speed time to market but also to maximize customer value. By using world-class lean manufacturing principles, the Company is better able to manage quality and cost in every process. Regimented preventive maintenance programs keep equipment in excellent condition, ensuring no project is slowed down due to equipment malfunctions.
The Company was established in 1986, and the current owner gained 100% ownership through a stock sale in 1998. Since that time, the owner has built a strong foundation that operates today. The owner is willing to help the new owner(s) in the transition process.
Real Estate: The building is leased from an unrelated third-party.
YTD Rent: $54,884
Total Building Size: The site consists of 4.75 acres and has 67,348 total square feet with 8,708 square feet of office space.
Seller Financing Available: Yes
Seller Note: Limited Seller-Financing Available for Qualified Buyers.
Number of Employees: 32
Year Established: 1986
Facilities: 67,348 sq. ft. of total facility space comprising warehouse, production, and office space.
Support/Training: Ownership is willing to stay on for a brief transition period and would like to ensure that the employees are comfortable with new ownership, and there is no loss of staff.
Reasons for Selling: The current owner has spent many years working within the Business and is looking to reduce his time commitment. Additionally, he is feeling financial pressure due to a slower than expected recovery.
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Upon doing so you will receive a link via email to review and sign our confidentiality agreement. Once signed we will be able to further the conversation and send you the confidential Offering Documents. Please contact firstname.lastname@example.org with any questions. Interested parties must demonstrate proof of financial capability, sign a Non-Disclosure Agreement, and answer a few questions related to their background and interests. Enquire today about this Turnaround West Michigan Mold Manufacturer for sale!