May 27, 2022 by Andrew 0 comments
Custom Plastics Design And Maker Retail Displays
Location: Pinellas County
Listing ID: 890700170
CUSTOM PLASTICS DESIGN & MAKER RETAIL DISPLAYS. Major price reduction.Price $249K. Better than SBA Financing. $99K Down. Balance $150K @ 6%, 5 years, $35K annual payments. Unique opportunity to acquire 50 PLUS year designer and manufacturer of custom designed retail displays. The company is Florida’s largest custom plastics Point-Of-Purchase and Point-of-Sale fabricator for the multi-billion dollar retail industry, although it does no marketing.Clients include Beall’s Outlets, Circle K Convenience Stores, Disneyworld and other well-known businesses. Staff of six, which includes the Plant Manager, and are all highly skilled plastic fabricators and would stay in the business. The business provides an important, niche service to the retail industry with clients in the Southeast, California and throughout the United States.
A “new” start-up owner would require anywhere from $250,000 to $300,000 to start from scratch. This ‘paradise-located’ business presents a one-of-a-kind opportunity for an energetic, business and internet savvy person to obtain an operating business with huge potential. Step into this turnkey business without the crushing burden of high set up expenses and rent. The sale includes all assets of the business including the machinery, tools, inventory, general supplies, records and customer lists. It comes with a team of expert designers, fabricators, and management to do the work on day one. There are very few custom design and manufacturing businesses in the area like this one.
This is an “Asset Sale”. The “DBA” name will be included in the sale. Assets at $74,524 will be included in the purchase that originally cost just under $150,000. Intangible assets include its longevity of +50 years, name recognition, reputation for unique, quality products.There are no other ‘plastic’ businesses in the St. Petersburg -Tampa -Clearwater area (population 3.2Million). Their advantage is its experience & longevity of 50 plus years, its niche retail concentration, its impressive customer list and its word-of-mouth-reputation for quality.
Owner does not advertise or do any marketing and its web site is out of date. Their current sales are primarily generated by a loyal client base and referrals. The owner, after 34 years, would like to retire. He is highly motivated to sell the business to a new owner who can energize this niche business. The business model needs internet-digitization and adoption of a robust E-Commerce and Social Media platform to more effectively market its unique products and services to clients. A fresh new owner with excellent interpersonal selling skills and willing to personally call on and meet commercial clients should quickly result in a dramatic increase in sales and profits. There is a huge potential for growth by simply expanding the scope of services. Seller will assist transition for 3 months at no cost.
The business utilizes QuickBooks software for most everything including billing, inventory control and other related records. The skilled Fabricators routinely take a sketch and turn it into a finished clear or colored plastic product using state-of-the-art manufacturing equipment.The business can create any kind of retail display using a variety of materials including acrylate, lucite, PETG, plexiglass and other similar plastics. The staff usually works with the client from concept to completion.Products range from card and eyeglasses displays to medical and trade show displays, checkout counter shields and sneeze guards, to name a few. Growing this business will require a detailed marketing plan which includes ‘traditional’ advertising, creating a strong social media presence and adding e-commerce capability. A new owner’s creativity could make a huge difference.Leased 6,000 sq. ft. space in an office/warehouse building. The lease is a low $3,000/month, option to renew for three (3) years.
FINANCIALS: Based on Financial Statements. Tax Returns are available in the Confidential Business Profile on signing NDA together with full Financials. SELLER WANTS TO RETIRE AND SEEKS QUICK SALE.
Down Payment: $99,000
Cash Flow: $63,389
FFE Included: Yes
Inventory Included: Yes
Year Established: 1972
Days & Hours of Operation: Monday - Thursday 7:00am-4:30pm, Friday 7:00am-11:00am
Owner Hours Per Week: 40
Monthly Rent: $3,000
Square Footage: 6000
Reason For Sale: Retirement
Training & Support: Owner will train for 8 weeks, no cost.
Owner will train for 8 weeks, no cost.
Financing/Terms: $99,000 Down and $150,000 over 5 years at 6%.
$99,000 Down and $150,000 over 5 years at 6%.
For more information on this listing, please complete our Non-Disclosure Agreement
Phone: (941) 402-4844
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