Asking Price $6,500,000
Financial Information
Revenue: $6,587,561 Income: $1,460,059
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Domestic Leader and Niche Manufacturer of Lead Fishing Jigs with a B2B Business Model and $6.6M in Sales in 2021

$6.5M Price for a $1.48M EBITDA Midwest Jig Manufacturer


Founded in 1986 and located in the Midwest, the Company is the largest U.S. manufacturer of lead fishing jigs domestically.

The company generates profit by selling jigs created by centrifugal casting. Lead and fishing hooks are cast together in silicone molds and sold to customers who finish decorating the lures and retail their products across the US.

The Company has tripled in size in the past 12 years through organic growth due to excellent customer service, high-quality products, fast production, and design capabilities. The company has had a record year every year it's been in business and this year is no different.

The company has 600 customers of which 300 have repeated their business in the last three years. The current owner works part-time and relies on two tenured managers to handle the day-to-day activities. The reason for the sale is retirement.

The company has excellent production/cost tracking metrics for each line offered and a very straightforward set of financials.

Growth opportunities exist via integrating vertically in the supply chain. Acquiring the Company’s customers, offering packaging and shipping services are examples.



Purchase Considerations

~The Company has been in operation since 1986 and generated $6.6 Million in revenue for 2021.


~The company generates profit by selling fishing lures or jigs created by centrifugal casting. Lead and fishing hooks are cast together in silicone molds and sold to customers who finish decorating the lures and retail their products across the US.


~The Company’s biggest domestic competitor is one-fifth their size.


~The Company’s key differentiator is its ability to custom design jigs using state-of-the-art computer design.

~Large barriers to entry exist for any potential competitors keeping the Company insulated and allowing flexibility with pricing

~Turn-around times are fast and their customer service is top-notch.


~The Company manufactures all its products in an onsite facility with approximately 10,000 square feet.


~The company has had a record year every year it's been in business and 2021 was no different.


~Significant opportunities for continued growth exist in the following areas; Assembly, packaging, distribution, additional casting, branded products.


~Current management is willing to work with the new owners on an interim basis to help facilitate a smooth transition.



Certain principals of Raincatcher, LLC are registered representatives offering securities and investment banking services through Britehorn Securities, a registered broker-dealer (member FINRA/SIPC). Britehorn Securities and Raincatcher are not affiliated entities. All success-based payments under this Agreement shall be paid to Britehorn Securities via transfer.



Locations
regionLevel
Employees
30 Full Time   40 Temporary  
Years in Business
35
Asking Price
$6,500,000
Terms

Negotiable

Ownership
1 @ 34%  2 @ 22%  3 @ 22%  4 @ 22% 
Facilities
The building is owned by two of the sellers
Reason For Sale
Owner's are seeking retirement