Business Overview:
Contract Manufacturer – Electronic Assembly This southern California based Electronic Assembly Company has been serving local clientele for 39 years from their north Orange County location. Their niche is smaller jobs, where fast turnaround is paramount. Customers include military contractors, commercial firms, medical companies and electronics manufacturers. Because of it’s long and successful history, this company enjoys many repeat customers. Sales have been as high as $1.5 million over the years, however, the economic down-turn of recent years with an interruption of sales and marketing efforts have resulted in a low of $267,000.00 in sales in 2009. The past year saw a turn-around with sales of $275,000.00. Sales this year continue to increase. As the economy recovers, new ownership with a keen eye toward expanding the current customer base is just what this company needs. They are fortunate in having a long term, loyal workforce, who would most probably stay on under new ownership. Currently 7 assemblers are employed. The current lease expires in February of 2011 allowing the new owners the flexibility of moving the location or renewing in the current facility. The seller would like to retire but is willing to stay on to help transition the business for a mutually agreed to period of time. Sales: $275,000Furniture, Fixtures and Equipment: $50,000Seller’s Discretionary Cash Flow: $50,000Asking: $199,990 Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Orange Coast or its agents have not verified the information and makes no representations as to its accuracy or reliability.For more information call Steve Thomson, CBI, at Sunbelt of Orange Coast at 714-619-9310. Email: steve@sunbeltorange.com. Fax: 949-666-5823.
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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.