Packaging Equipment, Material Sales, and Service Company - SOLD

Packaging Equipment, Material Sales, and Service Company  - SOLD Location: Southwestern Ohio
Listing Number: 41118del

Financial Information

Asking Price: $2,800,000
Gross Revenues: $11,349,500
Cash Flow: $1,343,800
Real Estate: Leased

Business Description

This 20+ year company is owned and operated by the original and retirement aged seller.  2017 sales were over $11,000,000 with owner earnings exceeding $1,300,000.  This company separates itself from the competition by offering superior technical support including equipment installation, training services, and preventative maintenance services after the equipment is sold.  Sales consist of new machines, film, replacement parts, and service. The business is offered as an asset purchase, free and clear of debt. The seller will train in all aspects of the business and will be available for an extended period of time to ensure a smooth transition.  Other highlights include:

SBA loan qualified

Broad customer base

Excellent tenured staff

Deep industrial experience

Turnkey installation service

No customer more than 10% of sales

Clean financials – all numbers are verifiable

2018 First Quarter Sales Exceeded $3,500,000

2014 – 2017 Sales Average of $9,916,954

2014 – 2017 Average Owner Earnings of $973,305