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Profitable, Absentee-Owner Futuristic Packaging Equipment Manufacturer

Eureka, CA
listing image
Asking Price:$225,000
Gross Revenue:$300,000
Rent:$2,000/Month
FF&E:$55,185
Cash Flow:$64,100
Inventory:$3,000
EBITDA:$64,100
Established Year:2019
Listing ID: 2250085Listing provided by BizBuySell
BUSINESS DESCRIPTION

Company with Product Market Fit and TONS of Potential for Distribution

This is a turn-key business, that is currently owned by an absentee owner. The business manufactures and sells cone and tube filling machines, and operates out of a commercial facility in Eureka, CA. All of the manufacturing and fulfillment is done in-house, by an operations manager and an assistant.

The business was previously on track for tremendous growth, but the current owner has other businesses to tend to, and does not possess the time, resources, or contacts to expand the business beyond it's current level.

In addition, the owner was permanently banned from Amazon (not the business, nor the product) due to being connected/related with a separate business account that was accused of selling synthetic cannabinoids. Despite the fact that this was not true, has been proven by lab tests, and an attorney was hired to plead the owner's case, Amazon has determined that the current owner will remain banned, and as a result, this business has lost all revenue from Amazon sales.

This leaves the new owner with an incredible opportunity to re-boot Amazon sales, and immediately contribute to the bottom line. In addition, a new owner could leverage their resources and/or contacts to find a way to distribute the company's B2C products to retail stores, further growing the business into a much larger one.

If the new owner wishes, they can also become an owner/operator, and earn back all of the wages that is currently being spent on the operations management team.

If you are interested, please request the NDA, and once we have a signed copy + copy of the driver's license, we will send a CIM with detailed financials and operations information.

ATTACHED DOCUMENTS
CIM-07.pdf.pdf Download
DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,000
Lease Expiration
31/12/2025
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The 2,000 square foot facility is equipped with 4 offices, currently used for production, & a bull pen for operations. The facility also has a kitchen/washroom and bathrooms. Approximately 28 manufacturing machines, 2 dehydrators, an air conditioner, rolling workbenches, & countless hand & power tools are included. The most valuable assets included in the sale are all of the IP, including product designs and files needed to manufacture the products. A utility PATENT is also pending, and will be included in the sale.
Competition
The business sells products internationally, to any business or retail customer that needs to fill cones or tubes. Currently most of the sales are throughout the United States, but the business does make some sales to Canada and a few other countries. There are a few other small competitors in the space, but most of the competitors cater to larger business and have larger, more expensive machines. This business caters more to small businesses and retail customers.
Growth & Expansion
The business has the ability to grow into a household brand, and offers products that directly compete with some of the major brands in the space. Growth will be very attainable and relatively simple for the right owner. The new owner will be able to leverage their contacts and resources to expand distribution to retail stores and other online marketplaces including Amazon.
Financing
Due to the nature of this business, the deal will likely have to be cash only
Support & Training
The current owner is willing to stay on for up to six months to provide training and support for the new owner.
Reason for Selling
Distress sale due to Amazon banishment of the current owner, and the owner's des
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