Manufacturer of Plant Maintenance & Safety Products
Business Description
Description:
The Company has been in operation for over 50 years and is a manufacturer and retailer of products for plant maintenance, safety, and detection of explosive & toxic gases.
Key Aspects:
• From 2021 to 2023, the Company’s revenue averaged $2.64M, with gross profit margins averaging 43.9%
• Strong loyal customer base, with 70% of 2023 revenue being driven by repeat customers
• 80% of sales are direct to customers, with the other 20% driven by representatives and industrial distributors
• The Company possesses 10 patents across its product lines
• The Company's products are manufactured in-house, except for accessories
• The Company has two long-term exclusive contracts in place
• In operation for over 50 years, with an excellent reputation, on time deliveries, responsive customer service, and consistently delivering high-quality products
Opportunities:
• Implement a strategic digital marketing campaign and update and redesign websites to attract new customers
• Update the e-commerce site to list all available products and adjust the settings to accommodate international customers
• Advertise on Google
• Expand product lines to Amazon to increase sales volume
• Capitalize on the planned release of two new products in 2024 and one in 2025
• Increased bidding on government RFQs
• Aggressively market the Company's lubricants with the goal of market penetration
• Pursue additional customers within targeted industries
• Expand sales distribution network
Headquartered:
• Northeast, US
Current Markets:
• The Company serves customers across the world operating in the welding, music, airline, nuclear, oil, gas, and petrochemical industries. The Company also sells directly and indirectly through third parties to government entities.
Real Estate:
• The Company operates from a 26,000 sq. ft. facility. The building contains office space, laboratory space, a shipping area, and several manufacturing spaces. The building is owned by an affiliated entity, with management open to selling the building to a buyer.
Shareholder Ownership:
• The Company is owned by six shareholders. Three of the owners are active in the Company. All three active shareholders are willing to remain with the Company for a predetermined period of time to facilitate a smooth transition to new ownership.
The Company has been in operation for over 50 years and is a manufacturer and retailer of products for plant maintenance, safety, and detection of explosive & toxic gases.
Key Aspects:
• From 2021 to 2023, the Company’s revenue averaged $2.64M, with gross profit margins averaging 43.9%
• Strong loyal customer base, with 70% of 2023 revenue being driven by repeat customers
• 80% of sales are direct to customers, with the other 20% driven by representatives and industrial distributors
• The Company possesses 10 patents across its product lines
• The Company's products are manufactured in-house, except for accessories
• The Company has two long-term exclusive contracts in place
• In operation for over 50 years, with an excellent reputation, on time deliveries, responsive customer service, and consistently delivering high-quality products
Opportunities:
• Implement a strategic digital marketing campaign and update and redesign websites to attract new customers
• Update the e-commerce site to list all available products and adjust the settings to accommodate international customers
• Advertise on Google
• Expand product lines to Amazon to increase sales volume
• Capitalize on the planned release of two new products in 2024 and one in 2025
• Increased bidding on government RFQs
• Aggressively market the Company's lubricants with the goal of market penetration
• Pursue additional customers within targeted industries
• Expand sales distribution network
Headquartered:
• Northeast, US
Current Markets:
• The Company serves customers across the world operating in the welding, music, airline, nuclear, oil, gas, and petrochemical industries. The Company also sells directly and indirectly through third parties to government entities.
Real Estate:
• The Company operates from a 26,000 sq. ft. facility. The building contains office space, laboratory space, a shipping area, and several manufacturing spaces. The building is owned by an affiliated entity, with management open to selling the building to a buyer.
Shareholder Ownership:
• The Company is owned by six shareholders. Three of the owners are active in the Company. All three active shareholders are willing to remain with the Company for a predetermined period of time to facilitate a smooth transition to new ownership.
Listing Info
- ID
- 2270060
- Listing Views
- 486
Attached DocumentsAttachment Disclaimer
Teaser_v_1_BN000054595_Manufacturer_of_Plant_Maintenance_Safety_Products.pdf
Listing ID: 2270060 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.
