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Manufacturer–Equipment for Electronic Component Production
| Asking Price: | Not Disclosed | Inventory: | $400,000 ++ |
| Gross Revenue: | $412,000 | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | $150,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Family Selling Elderly Founder's Business at Distressed Price -- Founded 50 years ago, this family-owned and operated business designs and manufactures a comprehensive line of precision coil winding machinery used to produce Bobbin and Toroid components for the electronics industry. The advanced age of the original founder and currently declining sales has motivated the family to assume control and now offer this business for sale. This is a tremendous opportunity for an entrepreneur to reinvigorate business sales and re-establish its profitability and industry-leading reputation. This would also be an attractive acquisition for a firm in a related business looking to extend its product line offering. Approximately one-half of current revenues are from the purchase of spare parts and components. The business is attractively priced at the hard asset value of inventory ($400,000 plus) and manufacturing machine shop and production equipment, furniture and fixtures.
The business employs 2 key full-time staff in electronics assembly and the machine shop (who are expected to continue employment), and 11 part-time staff. There is no one in an active sales or marketing role at this time.
The business employs 2 key full-time staff in electronics assembly and the machine shop (who are expected to continue employment), and 11 part-time staff. There is no one in an active sales or marketing role at this time.
About the Business
Year Established:1959
Employees:2 full time - 11 part time
Facilities:Operations and manufacturing are located in a 16,000 sq. ft. facility located in the Boston area and can be easily relocated if desired. A buyer can purchase the current facility valued at approximately $750,000 or lease the space from the owner.
About the Sale
Reason For Selling:Family selling elderly owner's business.
KEYWORDS: equipment, manufacturer, manufacturing, electronic, production, component, product,
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Industry: Manufacturing
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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