Commercial Refrigerator Door Gasket Manufacturer in West Arkansas
Off-MarketVan Buren, AR
Manufacturer In The Commercial Refrigerated Door Gasket Industry
Request an Introduction
Sign in to request an introduction to the seller and unlock full deal details.
$1,700,000
$350,000
20.6%
2015
30+ Days
Customers
B2B, the business has a few key customers, including an OEM manufacturer and distributors that supply to major stores like Walmart.
Customer Acquisition
Trade shows, but very little sales are done in the business. Client management and retention are key.
Team
13 employees, including a maintenance manager and plant manager.
Owner's Role
One owner acts as CEO handling finances, customer service, HR, and sales. The other partner manages the production and mechanical side of the business. They believe the business could be run by an absentee owner, as they have a strong management team in place to handle the day-to-day operations.
Reason for Selling
Two owners are nearing retirement age (64 and 67).
Contracts
No
Real Estate
The company leases its 30,000 sq ft facility and has over $1 million in equipment.
When Are You Looking to Sell
3-6 months
Licenses Required
No
Additional Notes
This company manufactures refrigerator door gaskets for the commercial industry, primarily for supermarkets and convenience stores. There are only five other companies in the USA that would be considered competition, so it's a niche business. The company has a good relationship with its customers and has not had any major issues with bad debt or customer turnover. They work four-day shifts a week.
Business ID: 1305
Unlock Premium Features
Get everything you need to find, finance, and acquire your business
Personalized Deal Flow
On and off market deals curated to your search criteria.
Unlimited 1:1 M&A Support
Expert advisors to help you spot red flags, negotiate your offer, and hand hold you all the way to close.
Pre-Vetted Deal Team
- * Intros to our preferred lenders
- * Access to our investor community
- * Discounted 3rd party Financial and Legal diligence