71281 -Midwest MFG: Air Purification, Filtration Systems

OH

Seller Financing Available
71281 -Midwest MFG: Air Purification, Filtration Systems

Asking Price:N/A

Cash Flow:$733,000

Gross Revenue:$2,700,000

EBITDA:$497,000

FF&E:$315,000

Inventory:$600,000

Real Estate:N/A

Established:1990

71281 -Midwest MFG: Air Purification, Filtration Systems

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Business Description

Located in northwestern Ohio, the Company is a premier Midwest manufacturer of a complete line of carbon monoxide (CO) removal systems, non-carbon monoxide removal systems and airline monitoring systems. The Company’s primary products include breathing air purification and filtration systems, carbon monoxide monitoring systems, low pressure warning systems and other related accessories and equipment. Revenues are derived as follows: Breathing air purification and filtration systems comprise approximately 75% of sales, Construction and Sandblasting Industries (15%), mining and Paper/Pulp Industries (10%). The 11,000 square-foot facility sits on 5 acres of land with an office, storage space and warehouse area. It is included in sale price. The Company serves both blue chip and middle market customers. In 2016, the Company generated $2.7 million in sales. Discretionary earnings in 2016 were approximately $734k with adjusted EBITDA of $497k. Owner financing may be negotiable for the right buyer. Please contact IAG for full details, including location specifics.
Niche product market leader - Two-decades, reputation for quality - 50% repeat business - Strong track record of profitability - 18% EBITDA Margin in 2016 - Diversified product line - 5 nonunion full-time employees - Longstanding relationship with industry leaders - Proprietary branded and private label manufacturer - Over $600,000 of inventory is included - Part of $12 billion safety product industry - Owner willing to stay on for a transition period of up to 6 months.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
negotiable for the right buyer
Support & Training:
While the owners are approaching retirement, the rest of the staff will most likely be willing to stay on after the sale.
Reason for Selling:
Approaching retirement.

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IAG

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