Bank Safety Envelope Manufacturer for Sale (Absentee-Run)
Business Description
Ideal fit for a distributor/manufacturer in the industry, or packaging company! Pro-Forma EBITDA of $107,075
This manufacturing operation has been in business for over 25 years! The company is a manufacturer of specialty envelopes utilized in the banking industry for banking trays (bank safety envelopes). The safety envelopes produced are sold primarily to wholesalers/distributors, with the end customers being banks and credit unions.
The business is absentee-owned, with a strong management team in place and is poised for significant growth! This is an ideal opportunity for a strategic buyer that can integrate into their existing operations, due to synergies and cost reductions that can be realized from day one. The specialized machinery that the business owns is highly valuable, having recently been upgraded.
The business currently operates out of a facility shared by another business owned by the sellers. Ideally the business will be relocated, however the owners are open to lease negotiations.
The estimated level of working capital required for the operation is $85K.
This manufacturing operation has been in business for over 25 years! The company is a manufacturer of specialty envelopes utilized in the banking industry for banking trays (bank safety envelopes). The safety envelopes produced are sold primarily to wholesalers/distributors, with the end customers being banks and credit unions.
The business is absentee-owned, with a strong management team in place and is poised for significant growth! This is an ideal opportunity for a strategic buyer that can integrate into their existing operations, due to synergies and cost reductions that can be realized from day one. The specialized machinery that the business owns is highly valuable, having recently been upgraded.
The business currently operates out of a facility shared by another business owned by the sellers. Ideally the business will be relocated, however the owners are open to lease negotiations.
The estimated level of working capital required for the operation is $85K.
About the Business
- Years in Operation
- 25
- Employees
- 6
- Currently Relocatable
- Yes
- Opportunities for Growth
- - There are additional product lines that can be added to increase revenue, such as coin wraps, deposit sheets, and other banking related items
- No business development efforts, existing customers in place strictly. BD/Sales outreach is an opportunity
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,500
- Rent
- $3,700.00 per month
About the Sale
- Seller Motivation
- The business is being sold as the sellers have multiple businesses which require
- Transition Support
- A smooth transition is desired, sellers open to negotiating transition period
Listing Info
- ID
- 2303418
- Listing Views
- 2168
Listing ID: 2303418 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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