Legacy Industrial Products Manufacturer - SoCal

Business Overview:

Business and Building OfferedThis company has received numerous patents and has been manufacturing specialized industrial products for scientific and governmental agencies for over 65 years. The majority of products manufactured are commonly considered to be the “Gold Standard” for design, manufacturing and functional quality. Specialized processes the company performs have largely not been replicable anywhere in the world. The owner cites technological excellence, the diverse product line, and the long tenured, knowledgeable employees as the major elements of the companies successful operating history.The company manufactures to stock and to order. The major product lines are sold through distributors with whom the company has long standing distribution/rep agreements with.There is a potential for growth, both domestically and internationally, via additions of products to existing distribution agreements and via establishment of distribution agreements with international distributors with whom the company is familiar with and has had conversations with. The current obstacle to increasing distribution is that ownership is ready to divest/retire and doesn’t want to incur debt to finance expansion. The company is currently free of debt beyond normal trade accounts payable.The company employs seven, including one of the owners, who acts as General Manager. The other employees include an Accounting Manager, Accounting Assistant and three factory workers. Since Covid restrictions, the General Manager has been working largely from his home office in Ohio.The business and the building are owned by two individuals. One of the owners has actively managed the business for the past twenty-two years. The other acquired his interest upon the death of his father. The owner’s first priority of divestment is the preservation of the jobs of the employees who have faithfully served the business. As such, offers will not be accepted for the building only.The ideal buyer for this business would be a strategic buyer that manufactures complimentary or related industrial products, who can move their operations to this location to leverage the space and debt service of the building.The CIM will be provided after execution of NDA and Buyer profile which presents potential buyer background, experience and financial capacity to close the transaction.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

15,000 square feet under roof with second story mezzanine inventory storage.

Market Competition and Expansion:

The Company provides specialized products and process services to governmental and scientific agencies and industrial manufacturers. The industrial products manufactured are considered to be industry leading in terms of design and manufactured quality and dependability of use. There is no serious competition as RFP's typically call out the products by name.

Reason for Selling:

Active owner is ready to retire. Both owners are ready to divest business and building.

Additional Details:

Relevant Links:

• View more California businesses for sale
• View more Businesses For Sale in the same industry
• Sell a business online
• Find a business broker