Business for Sale Overview:
Electronics manufacturing is an industry, like many others, that has been largely moved overseas by domestic companies looking to cut production costs. However, there is a niche manufacturing segment within the electronics industry that has stayed primarily stateside – prototype manufacturing. This company is strictly involved in this specific segment of electronics manufacturing and has spent the past nine years building a reputation for speed, reliability and quality when it comes to completing these crucial projects for its clients. Clients are, for the most part, not sensitive to price when it comes to prototyping their electronic components. They are much more concerned with a quick turnaround on a product that works properly – they need to make sure all of the kinks are worked out of their product before farming out mass production overseas. This company provides two types of services – turnkey and consignment. Turnkey scenarios come about when a client needs a complete pre-manufactured prototype, taking nothing more than the design to start with. Whereas consignment orders will come with all of the materials needed to do the job and the client simply needs the units built and tested. The company turns consignment quotes within 24 hours and turnkey quotes anywhere from five days to five weeks, depending on the complexity of the job. For further information, please complete our Non-disclosure Agreement at http://www.vrbigd.com/nda. Jeremy Furtick can be contacted by email at jeremy@vrbigd.com or by phone at 972-792-0100.
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For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The company owns a 12,000 square feet facility that houses their entire operation. The owner would like to keep this facility and lease it back to the new owner, and he is open to negotiating those terms. He would also entertain serious offers to purchase the property and facility. In addition to several offices, there is a full production floor, shipping and receiving department, lab/testing area a conference room and a production meeting room.
Market Competition and Expansion:
Since inception, not one dime has been spent on marketing the business. Through the owner's relationships and reputation the company grew quickly, and since then, word-of-mouth advertising has spread about the quality of work they perform. Currently there is a sales manager on staff who performs cold calls to solicit new accounts, but that is the only active marketing effort the company has.
The owner emphasizes over and over there are three things that differentiate this company over his competitors – speed, quality and price. They turn quotes and jobs quicker than anyone else, they perform these tasks with the highest attention to quality and they provide their services at the most competitive price. The owner has also done a remarkable job of positioning the company in such a way that processes and systems are in place to manage the daily flow of work, freeing him from involvement in menial tasks.
Reason for Selling:
Seller would like to spend more time with family.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.