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High Margin Lighting Manufacturer
| Asking Price: | $200,000 | Inventory: | $100,000 ** |
| Gross Revenue: | $400,000 | Real Estate: | n/a |
| Cash Flow: | $100,000 | FF&E: | $3,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Founded in 2001, this lighting manufacturer supplies state of the art, contemporary lighting solutions. The company strives to provide the highest quality of service and support by being responsive to customer needs. The company is based in the heart of the Silicon Valley in California serving distribution customers throughout the country.
Low overhead allows this company to compete for commercial lighting orders through a network of manufacturer’s representatives (reps) with contacts to local architects, engineers, contractors and designers, collectively known as Specifiers, who advise the end-user customers. These reps represent several manufacturers and strive to have a complete product line so that they can meet the total lighting needs of a commercial building project. They use company-supplied catalogs, samples, and specification sheets to represent the products to these Specifiers. The company’s specialty is contemporary track lighting solutions for low voltage (12V) applications.
Due to the long lead times of these commercial projects, a large amount of inventory is not required, which also contributes to the low overhead business model. The business is located in Silicon Valley, but could be relocated.
The business currently operates without employees and the principal works part-time at the business and still generates great results. He is looking to retire from the business, but will aid the buyer in transitioning to new ownership.
Manufacturing is outsourced to meet the stringent requirements of the company, and provides an additional element to the low overhead model.
Profitability for this business is great, with gross margins of 70%. If you step in with a full-time effort, the opportunity is immense. The ideal buyer will be well organized and help the regional sales people drive orders. The business owner does not do any selling; the local rep does the selling.
DRE# 01753112
Low overhead allows this company to compete for commercial lighting orders through a network of manufacturer’s representatives (reps) with contacts to local architects, engineers, contractors and designers, collectively known as Specifiers, who advise the end-user customers. These reps represent several manufacturers and strive to have a complete product line so that they can meet the total lighting needs of a commercial building project. They use company-supplied catalogs, samples, and specification sheets to represent the products to these Specifiers. The company’s specialty is contemporary track lighting solutions for low voltage (12V) applications.
Due to the long lead times of these commercial projects, a large amount of inventory is not required, which also contributes to the low overhead business model. The business is located in Silicon Valley, but could be relocated.
The business currently operates without employees and the principal works part-time at the business and still generates great results. He is looking to retire from the business, but will aid the buyer in transitioning to new ownership.
Manufacturing is outsourced to meet the stringent requirements of the company, and provides an additional element to the low overhead model.
Profitability for this business is great, with gross margins of 70%. If you step in with a full-time effort, the opportunity is immense. The ideal buyer will be well organized and help the regional sales people drive orders. The business owner does not do any selling; the local rep does the selling.
DRE# 01753112
About the Business
Year Established:2001
Employees:1 full time -
Relocatable:Yes
Facilities:Office/Wharehouse lease currently being negotiated. Could be relocated.
Market Outlook and Competition:Commercial lighting will recover with the economy, but due to this company's low overhead approach, expanding to additional markets like Canada or Mexico and adding new products would be a great way to grow.
About the Sale
Management Training and Support:Four weeks of training included.
Reason For Selling:Retirement
Seller Financing:TBD
KEYWORDS: lighting, commercial, lights, track lighting, distributor, manufacturer, high margin, manufacturing, distributing, low overhead
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Industry: Manufacturing
Segment: Lighting Products Manufacturing Next Listing: Custom Lighting & Decor Manufacturer
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