Profitable GSA Approved Distributor of Foam Packaging, Cushioning and Foam Industrial Parts
This Chicago area Company distributes an extensive variety of foam packaging and cushioning products. Though foam products may seem to be a mundane item, the business has been transformed by the Seller into a high technology parts and services business. Its products are used in diverse industries requiring precision parts such as aerospace, automotive, and all branches of the military. By providing custom design solutions and product alternatives for its wide customer base, the Company has created its own niche in the packaging and cushioning industries. It has long-standing relationships with nationwide vendors who have the technological capabilities to provide high precision products and they drop ship directly to the customer.
The Seller's customer base is a diverse mix of commercial and government related accounts. The Federal government accounts have been generated from its 14 year, award winning status as a GSA approved vendor. The commercial business includes industries such as aerospace, industrial technology, education, automotive and the arts. GSA accounts include all branches of the Armed Forces and include a nearly $2mm order being fulfilled over the next 3-4 years. In total, there are approximately 510 active accounts. 2017 YTD sales are tracking to be up approximately 17% over 2016 with expected sales in 2017 of $1,075,000 and cash flow estimated at $205,500
The Seller/Founder plans to retire, but will train for a smooth transition. Key employees would like to stay. The business has been prequalified for favorable SBA bank financing. This is an exceptional opportunity for an individual or for a strategic seeking accounts and the transferrable GSA status. The business is portable.
Seller Reference #CHICAIL003-N1033
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