Asking Price: $3,375,000 Gross Revenue: $5,307,667Cash Flow: $632,418 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $1,800,000 not included in asking priceFF&E: $1,900,000 included in asking priceReal Estate: $2,200,000 not included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Our client is an OEM of vehicle engine testing equipment. Their products are trademarked and patented and sold worldwide. Although this sector of manufacturing is broad and can include aircraft engine, meteorological, nuclear radiation, stress relief testing equipment and more, our client’s focus is within the area of engine testing. They control the entirety of their manufacturing process and thus typically win on quality, but are also known for providing customers with the “most bang for the buck.” Their products have advanced features, which are typically not found at their price point.The Company has managers and systems in place for every function. The business has been run as though it’s not for sale, with continual improvement in systems, process and equipment. The business shows incredibly well with an impeccable and impressive facility and team.
About the Business
Number of Employees:
Building Sq. Ft.:
The Company operates out of a modern 30,000+/- square-foot facility on approximately 3.5 acres. The facility is owned by the founder and his wife. The building is available for purchase at $2.2 million, or for lease at $15,568.00 per month. The owner’s strong preference is to sell the building with the business.
The engine testing equipment market is $981.22 million globally with the Americas only making up 22.03% of that market. The industry is forecast to grow an average of 3.28% year over year through 2023. There is growth momentum with 2.93% anticipated in 2019, with 3.63% anticipated by 2023. This Company already has the widest equipment lineup in their class. This is an industry where increased government regulation will actually spur, rather than hinder growth. This Company is well positioned for growth with their new data acquisition software.
Growth & Expansion:
The Company has strong brand recognition, a proven history and the best product line-up in the industry. They’ve got systems, people and equipment in place to bring sales to $10MM without need for additional capital expenditure. A new owner can immediately begin working on business development into new markets, confident that infrastructure is in place to handle growth.
National OEM - Testing & Measurement Instrumentation
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