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Specialty Lighting Manufacturer
| Asking Price: | $895,000 | Inventory: | $109,090 ++ |
| Gross Revenue: | $825,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $203,000 (comments below) | FF&E: | $307,747 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: Gross revenue is an annualized number as of August 31, 2009. | |||
| Cash Flow Comments: Cash flow is assuming $647,000 projected expense | |||
Our client is a specialty lighting and related products manufacturer that offers quality engineered merchandise to a variety of industries including outdoor, industrial, public safety, and military markets. The Company has over 700 customers and serves both government/military and commercial type accounts in both the retail and wholesale sectors. The company also has a rapidly expanding internet related sales presence. Superior products, coupled with excellent customer service and keeping costs down over the years have proven to be a winning combination for this niche business, especially in the current economic climate. The company holds several patents and has NSN numbers on its products. Currently, 85% of the customers being serviced are either military (US and foreign) or in the continental US. This 20 year old company has grown through word-of-mouth referrals, newsletters, press releases, site-visits, and trade shows and they are well positioned for growth because of the infrastructure that has been implemented over the years.
About the Business
Year Established:1990
Employees:7 full time - 1 part time
Facilities:10,000 sq/ft site that includes ample manufacturing, warehouse/storage, and office space.
Market Outlook and Competition:Successful efforts have been made to expand to international markets and this is evident by the increase in foreign distributors and government contracts. There is limited competition, however no competitor has the product line and mix along with the flexibility to design high-end, high quality products that meet and exceed customer expectations in this growing marketplace. Exceptional product quality and attention to detail has enabled this company to be at the forefront of this niche industry, thereby eliminating similar type competitors.
About the Sale
Management Training and Support:3 months and employment contract after that if needed.
Reason For Selling:Owner has been in the business for over 20 years and would like to pursue other interests.
Seller Financing:TBD
KEYWORDS: manufacturing, distribution, niche, specialty, new jersey, central, military, government, foreign, NSN, numbers, patents, lighting, specialty, lease, competition, outdoor, industrial, public safety, customers, commercial, wholesale, retail, expanding, internet,superior products,
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Industry: Manufacturing
Segment: Lighting Products Manufacturing Next Listing: Manufacturing of Durable Goods-Oklahoma City
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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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