BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
$5,000,000
Furniture, fixtures and fittings included.
Turnover / revenue:
$6,000,000
Net profit / cashflow:
$1,133,000
Years established:
1972
Trading hours:
Days & Hours of Operation: 9-5 M-F
Owner Hours: 40
Number of employees:
20
Employees / staffing:
Employees: 20
Absentee Owner: No
OTHER DETAILS
Reason for selling:
RETIREMENT. This Company is led by two stockholders. The president and majority stockholder wishes to sell his entire stake in the company for retirement. The vice president and minority stockholder wants to retain his 15% equity stake in the company post close and wishes to remain with the company for many years to come.
Financing available:
NEGOTIABLE.
Support and training:
Full training and support. The exiting owner has agreed to remain with the company for a one year transition period after the sale.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
BUSINESS DESCRIPTION
This Company manufactures very expensive top quality production tools & equipment for major Aerospace and Electronics Manufacturers. Their products focus on design, construction, and assembly of electronic components and circuit board assemblies. They are also top producing exclusive distributors of foreign produced manufacturing equipment.
Expansion Potential
UNLIMITED ! A significant number of their products currently address only a fraction of their respective addressable markets. A new owner is capable of increasing revenues substantially by adding relentlessly marketing current and new product lines and moving the company in the future to a larger facility. They have established excellent distribution channels creating an opportunity to represent additional manufacturers. They are currently an exclusive distributor for North America for a major Asian Company that has UNLIMITED potential in the U.S. , Mexico, and Canada.