Business Overview:
The Company is a manufacturer and integrator of production equipment for electronics manufacturers, with a strong competency in precision tool design and construction. It has multiple product lines, value added services, and engineered production solutions. It manufactures a line of pneumatic presses used by manufacturers in a wide variety of industries and is one of only two distributors for a line of robotic soldering equipment manufactured in Japan.
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Property Features and Assets:
The office and plant are located in a 12,000 sq. ft. facility in northern New Jersey. The lease was extended in December 2010 for five years with a further 5 year option. Current rent is $8,160 per month ($8.16/ sq ft).
Market Competition and Expansion:
The Company’s niche and competitive advantage lies within its knowledge, reputation, and experience. Customers require a high level of confidence in their vendors’ capabilities as parts are very expensive and often irreplaceable. The diverse product line offered and the Company’s experience has earned it an excellent reputation in the electronics industry and with manufacturers. It has the ability to handle small production runs as well as much larger orders.
The Company has a strong base of established, repeat customers and has sustained a strong market position. The Principals recognize that the opportunity exists to capitalize on the Company’s reputation, solid client base, market position and distribution channels. The groundwork and foundation have been laid and the operational infrastructure is in place from which to build upon.
Reason for Selling:
Seeking an exit strategy for retirement
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: