THE Business for Sale Marketplace

The business is a leading manufacturer of custom designed and standard magnetic electronic components that are used in stereos, home entertainment equipment, computers, telecommunications equipment, and in military and industrial control instruments. The business was established in 1982, and has earned a reputation for superior quality and service. The business employs advanced manufacturing technology for magnetic components, is ISO 9000 certified and has a highly experienced engineering and production staff. There are over 300 customers that include major manufacturers of equipment that utilize magnetic components. While sales are concentrated in California, the company supplies products throughout the US with about 10% of sales overseas. There is a significant opportunity to expand sales by having an active sales activity outside of California. The business operates from a modern 16,400 sq ft facility in Southern California that is owned by the Seller. The facility can be leased for $12,000 per month or purchased (not included in sale price) for $2,500,000. The purchase price includes FF&E of $250,000 and inventory of $200,000. The Seller will carry back $1,850,000 of the business purchase price.