Business Overview:
The business is an industry-leading designer and manufacturer of professional virtual reality (VR) displays that allow users to visually explore and interact with simulated 3D environments. The company designs and manufactures display products used in high-fidelity visual training and simulation systems for military and industrial applications. Worldwide users and customers for these immersive display products include all branches of the military, prime contractors like EADS, Boeing and Lockheed, automotive OEMs and universities. Exports represent about 30% of their sales. Their combination of product performance, responsiveness to unique customer requirements and ongoing product support within this niche market has positioned the business for significant growth. Owners will remain on as needed in order to grow the business to the next level.
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Property Features and Assets:
The company operates from a 6,000 square feet facility. The current lease arrangement, which expires in 2015, is transferable to new ownership.
Market Competition and Expansion:
The company operates in a fairly competitive and fragmented industry. Within this competitive landscape, the company has been able to effectively differentiate itself on a number of fronts: Its proven product line and technologies, knowledge of the military VR market and most importantly, a staunch focus on customer service and support.
Reason for Selling:
New ownership will grow business.
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.