[Under Contract] This well-established plastic manufacturing business has been trading for over 40 years. It is a niche business that produces a wide variety of customised plastic products.
The business has a substantial client list. There are 260 active customers and the largest customer accounts for just 7.6 percent of turnover. As such, the client list is broadly spread, and the business is not dependent on any particular customer. Almost all customers are repeat customers.
This business has a wide range of plastic manufacturing equipment. Long term, experienced staff are in place to operate all of the machinery. The day to day operations are taken care of by a general manager, enabling the owner to spend very little time actually working in the business. As such, you could also potentially run this business ‘under management’.
This is a professionally run organisation that has systems and procedures throughout.
The business has demonstrated a high level of sales stability in recent years. It is also solidly profitable, having achieved net profit (EBITDA) of $524,000 in 2018.
This quality business is being offered for sale at $1.2 million plus stock.