Electronic Assembly Services

Not Disclosed, MN
Anoka County

North Metro


Asking Price: Annual Revenue:
$69,000 $130,500

Manufacturing: Electronics & Technology


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RE: Electronic Assembly Services Broker: Seller of Business

Quick Facts

Asking Price: $69,000
Annual Revenue: $130,500
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 1992
Employees: 1
BBN Listing #: 536340231
Broker Reference #: 8286 b.k.

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Business Overview:

BUSINESS: Electronic Assembly Services located in the suburbs of the Twin Cities. This company was established by the current owner in 1992. The company provides many services, which include, printed circuit board assemblies, thru-hole assemblies, surface mount assemblies, box build assembles (build the circuit board). They also do turn- key, which is when they buy all the materials and assemble. They offer kitted, in which case the customer supplies materials. The company enjoys a good reputation, solid clients, and the electronics industry it serves is booming including environmental, lighting and medical. Daily responsibilities of the owner include sales, purchasing, accounting and involvement with engineering decisions from time to time. This company is perfect for anyone looking to own a small business with endless potential.
FACILITIES: 4,200 square feet leased space. Rent is $2,690.00 plus utilities. The seller feels that this facility could double in sales without increasing the square feet or equipment. Lease expires April 1, 2021 with an option to extend.
EMPLOYEES: The business has a staff of a 1 long term full-time employee with owner working part-time.
REVENUE: Revenue in 2019 was $130,355, 2018 was $199,329 and 2017 was $155,167.
ASKING PRICE: The asking price for the business is $69,000. Included in the price but not limited to are the furniture, fixtures and equipment (value of approximately $75,000). Long term Client List, Website, Goodwill and Business Name. Inventory which is valued at $3,000 (at cost) is not included.
REASON FOR SALE: Retirement. Seller is in his 70’s and is tired. He will provide the necessary training to insure a smooth transition.

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Property Features and Assets:

4,200 square feet leased space. Rent is $2,690.00 plus utilities. The seller feels that this facility could double in sales without increasing the sq. ft. or equipment. Lease expires April 1, 2021 with an option to extend.

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.

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