Business Overview:
This successful 20 year old company has an excellent reputation for mass-producing custom high-end caseworks for financially strong hospitals, universities, medical offices, schools, libraries and state and federal government agencies. Revenues are in a strong growth mode. They have long-term relationships with their dealer network resulting in a high bid close rate with considerable repeat and referral business. Revenues up 11% in 2011. Because of some new accounts, revenue are projected to be up by 40%+ this year, with current firm order backlog in excess of $3.5M. The Company has improved their profitability significantly by implementing lean manufacturing processes (Kaizen) and perfecting small batch process capabilities. Their in-house facility engineering staff minimizes production down-time. A sophisticated shop floor control system minimizes mistakes and allows for fast order turn-around. Their software allows customers to view the status of their orders on-line in real-time. The Company’s facility has the potential to produce $10M of product on a two shift basis. General Information: Year Established: 1992 Employees: 32 full-time employees at a monthly payroll of $74,000, not counting the President. Facility: 29,257 square feet at a gross lease cost of $11,735/month. Expiration in June, 2014. Price Includes: All furniture, fixtures and equipment. Inventory of approximately $250,000 not included. Support/Training: Seller will provide training. Reason for Selling: Retirement Asking Price: $2,350,000 Gross Revenues: 4,837,900 Seller’s Discretionary Earnings: 521,600 For more information on this business opportunity, please contact D. Joe Atchison at 951/277.4002, Ext. 303 or j.atchison@sunbeltnetwork.com.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Real Estate License ID: 01438544
Reason for Selling:
Retirement
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.
Resources: