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Contract Packaging/Blending & Repackaging West MI

This company was founded over 20 years ago and has been operating from its’ current location since its’ inception. The business specializes in contract packaging, blending, grinding, custom drying and mixing of both dry as well as liquid products of various sizes, weights and consistency. All work is considered B2B with sales being made to intermediate or end users operating within the housing, construction and personal products sectors. The company can handle large or small drying loads including pigments or specialty chemicals utilizing Grieve tray dryers with the capability of drying temperatures up to 450 degrees. A variety of mixing services are offered as well as blending and grinding of a wide range of coarse to fine materials. Repackaging is offered for small 4 oz containers on up to larger bags or fiber drums based on weight of the material with a self adjusting controller for accuracy. The company is also a registered EPA facility which allows for the packaging of hazardous materials. A unique opportunity to acquire a strong company with a solid product history and reputation. Sellers will consider all proposals for merger or acquisition.

Listing ID:

RJ-21105284-15

Location:

West Michigan

Type of Business:

Blending and Repackaging

Asking Price:

$595,000

 

Gross Revenue:

$428,116 (2020)

Cash Flow:

$153,102 (2020 SDE)

Inventory:

FF&E:

Included in asking

Established:

Over 20 years

Employees:

3 F/T (2 shop/production, 1 office/management)

Facilities:

This West Michigan based company operates from a 12,000 SF leased facility that features loading docks, grade level overhead doors and a small office. The company is located within 200 miles of 5 major cities in the Central Region.

Real Estate / Lease Terms:

This property is leased through 6/30/22.

Growth Opportunity:

Seller has been concentrating on his other business and spends less than 10 hours per week on this company. A new owner could commence a marketing program and take on the many requests from customers that the current owner now turns down.

Competition:

This company is considered a niche company that accepts smaller type orders of various commodities, both liquid and dry that require packaging or blending. Not many similar companies operating in the space in the region.

Support & Training:

The Seller will train and orient a buyer in all business operations as part of the sale process.

Reason for Selling:

Seller has another company that is demanding more of his time and attention.

Broker Contact:

Larry Baumgart – Advanced Business Brokers

Direct: 269-330-6924

Fax: 248-564-5259

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The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility. ​Above information is subject to change and/or correction and should not be considered binding.