Established Provider of Currency Management Solutions
Business Description
The company specializes in selling and servicing advanced cash counting systems designed to streamline financial operations for businesses. Their product offerings include self-service coin counters and currency discriminators, providing reliable and efficient solutions for handling cash. With an average order size of approximately $2,000, the company delivers high-value, cost-effective technology tailored to meet the needs of its clients. Operating consistently throughout the year, the business ensures uninterrupted support and service, maintaining a steady commitment to quality and customer satisfaction.
Top Things to Know About This Business
• Core Business Model: The company focuses on selling and servicing cash counting systems, meeting the needs of businesses for efficient currency management solutions.
• Efficient Operations: The business runs on well-defined systems and processes, ensuring smooth and streamlined daily operations
• Established Legacy: With over 35 years in operation since its founding in 1988, the company has built a strong reputation and industry presence.
• Consistent Revenue Streams: The business has averaged $273,000 in gross annual revenue over the past three years, demonstrating steady financial performance.
• Strong Profitability: In 2023, the company achieved over $57,000 in cash flow, reflecting its profitable operations.
• Healthy Margins: Cash flow margins have remained robust, exceeding 14.5% consistently over the past three years.
• Steady Year-Round Operations: The company operates smoothly throughout the year without any seasonal fluctuations, providing predictable performance.
• Skilled Workforce: A reliable team of two full-time and two part-time employees supports the business's daily operations.
• Comprehensive Transition Support: The current owner offers 30 days of free training to ensure a seamless transition for the new owner
Top Things to Know About This Business
• Core Business Model: The company focuses on selling and servicing cash counting systems, meeting the needs of businesses for efficient currency management solutions.
• Efficient Operations: The business runs on well-defined systems and processes, ensuring smooth and streamlined daily operations
• Established Legacy: With over 35 years in operation since its founding in 1988, the company has built a strong reputation and industry presence.
• Consistent Revenue Streams: The business has averaged $273,000 in gross annual revenue over the past three years, demonstrating steady financial performance.
• Strong Profitability: In 2023, the company achieved over $57,000 in cash flow, reflecting its profitable operations.
• Healthy Margins: Cash flow margins have remained robust, exceeding 14.5% consistently over the past three years.
• Steady Year-Round Operations: The company operates smoothly throughout the year without any seasonal fluctuations, providing predictable performance.
• Skilled Workforce: A reliable team of two full-time and two part-time employees supports the business's daily operations.
• Comprehensive Transition Support: The current owner offers 30 days of free training to ensure a seamless transition for the new owner
About the Business
- Years in Operation
- 37
- Number of Employees
- 4
- Facilities & Assets
- An asset list is available for the $10,000 of furniture, fixtures and equipment. All cash will be retained by the Seller. All debts on the company will be paid off by the Seller at closing.
The business occupies a 1,000 sq. ft building and pays $950 per month. The current lease is month-to-month with 30-day cancellation.
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- The Owner genuinely desires an effective business transition with seamless customer service through to the buyer. They will train a buyer for 30 days without charge. The Owner will stay on for one year with appropriate compensation.
Listing Info
- ID
- 2318659
- Listing Views
- 795
Listing ID: 2318659 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. See our full Terms of Use. Learn how to avoid scams.