The numbers
As stated by the listing on August 27, 2026.
- Asking price
- $1,300,000
- SDE
- $554,438
- Gross revenue
- $3,317,135
- Multiple
- 2.34x
- Established
- 1999
Why we like it
A plastic injection molder that scraps five percent of every production run has two choices: pay a hauler to landfill it, or hand it to a processor who grinds, washes and pellets it back into resin worth real money. Ohio's manufacturing corridor, still carrying plastics and rubber production tied to the region's industrial history, supports a steady population of processors doing exactly that: buying scrap by the truckload and selling reprocessed pellets to compounders who blend it back into new products. This business has run that trade since 1999, working industrial scrap at volume rather than sorting consumer recycling bins, which puts its economics closer to a commodity trading operation than a green mission. The margin on every pound depends on the spread between what scrap costs to buy and what virgin resin costs to replace, so when oil and natural gas prices push virgin resin lower, the reprocessed material has to chase it down too. Start with the supplier list on the inbound side and the customer list on the outbound side, because a processor squeezed between one supplier's scrap stream and one buyer's spec has no room to negotiate either price. The way this kind of business actually grows is by qualifying to process more grades of scrap, so one grinder and extruder line earns money on several material types passing through the same door instead of just one.
You probably need a licence to run this
Running a plastics scrap processing facility in Ohio typically requires environmental permits from Ohio EPA covering solid waste handling and possibly air emissions from grinding and extrusion, but these attach to the facility and entity rather than to the buyer personally. Confirm what permits the facility currently holds, whether they transfer with a change of ownership or must be reapplied for, and whether any are conditioned on a specific responsible individual named on the permit.
What worries us
- Commodity price exposureReprocessed resin pricing tracks virgin resin, which moves with oil and natural gas feedstock costs, so the seller's stated cash flow reflects whatever pricing environment existed in the trailing period and may not hold if virgin resin prices fall.
- Supplier and customer concentrationA processor that depends on a small number of manufacturers for scrap input and a small number of compounders for resin sales has little pricing leverage on either end, and losing one relationship on either side can hit volume hard.
- Aging processing equipmentGrinders, washing lines, extruders and balers are capital equipment with finite service lives, and industrial recycling operations require ongoing maintenance and eventual replacement that can be substantial relative to the asking price.
The callSuits a buyer comfortable with commodity price swings and industrial equipment upkeep, not someone seeking predictable, recurring revenue.
Our calculations
Our standard SBA 7(a) acquisition structure applied to the asking price. Assumptions below.
Sources
| SBA 7(a) loan | $1,234,259 |
| Seller standby note | $68,570 |
| Buyer cash at close | $68,570 |
| Total sources | $1,371,399 |
Uses
| Purchase price | $1,300,000 |
| Closing costs (est.) | $39,000 |
| SBA guaranty fee | $32,399 |
| Total project | $1,371,399 |
- Monthly payment
- $15,803
- Annual debt service
- $189,631
- DSCR
- 2.22xSTRONG
- Injection check
- Meets 10% ($137,140 against $137,140 required)
- Closing costs estimated at 3% of asking price
- Owner salary of $120,000, loaded
- Rate of Prime + 2.25% = 9.25%
- 10-year term, fully amortizing
- Injection split half cash, half seller standby note
How we would go about buying it
The order matters. Every step below is free until the last one, and each is a chance to walk away before it costs you anything.
- 1
Call the broker, not the bank
The listing is brokered, so the broker is the gate. Ask for the CIM and the last three years of tax returns, and expect to sign an NDA first. Do this before you talk to a lender: no lender will size a loan without the numbers, and the broker will not release them to a lender you have not engaged.
Open the listing - 2
Ask these before you spend anything
Specific to this business, from our read of the listing. The answers decide whether the numbers above survive contact.
- What environmental and operating permits does the facility hold with Ohio EPA, and do they transfer to a new owner or require reapplication?
- What share of inbound scrap volume comes from the top three suppliers, and are those relationships under written supply agreements or spot-market arrangements?
- What share of outbound resin sales goes to the top three customers, and are sale prices fixed or indexed to virgin resin benchmarks?
- What is the age, condition, and remaining useful life of the grinding, washing, and extrusion equipment, and what capital expenditure has been deferred?
- How was the seller's SDE addback calculated, and how much did resin pricing swings affect revenue and margin in the trailing twelve months?
- 3
Take it to lenders who do this size
Talk to more than one. Rate is the least of it: the lender who has done fifty of these in Ohio will close, and the one who has done two will waste your quarter. Below are the lenders whose typical deal size actually fits this one.
- 4
Structure the offer around the coverage
Our structure clears the floor at 2.22x, and a lender will run its own version with its own add-backs. If the earnings come back lower than stated, the price has to come down or the seller note has to grow. Model both before you make an offer.
Model it yourself
Who we would call
Active Ohio acquisition lenders whose typical deal size fits this one.
- Live Oak Banking Company
39 loans in OHmedian $720,000median rate 8.93%~20 days to first disbursement
- GBank
15 loans in OHmedian $2,347,700median rate 8.50%~13 days to first disbursement
- First Commonwealth Bank
14 loans in OHmedian $834,750median rate 9.38%~24 days to first disbursement
Loan counts and medians are that lender’s change-of-ownership loans in Ohio, FY2025 to FY2026 Q3. Funding speed is the lender’s national median from approval to first disbursement. Names link to our data profile for each lender.
The fine print
The statements this write-up makes about the trade and its rules, as opposed to the figures, were checked against public sources on August 24, 2026. 3 claims were checked.
Worth verifying yourself
These are industry statements we could not confirm against an authoritative public source. They are not contradicted by anything we found, but treat them as leads to check rather than settled facts.
- Manufacturers often pay to have scrap plastic removed or sell it cheaply because landfilling is costly and subject to regulation.
- Operating a plastics scrap processing facility in Ohio typically requires environmental permits from Ohio EPA covering solid waste handling and potentially air emissions from grinding or extrusion operations.
Run your own numbers
The deal analyzer models price, seller note, equity injection, and DSCR under current SBA terms, with every assumption adjustable.
Open the deal analyzerListing facts as stated by the listing on August 27, 2026, not independently verified. Structure, payment, DSCR, and injection figures are our own computation under the assumptions above, using the Prime rate as of September 28, 2026. Lender shortlist from the SBA 7(a) FOIA file, FY2025 to FY2026 Q3, as of June 30, 2026. Methodology. See an error? Email us and we will correct it.