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Asking Price$599,000
Revenue$1,942,179 Established1962
Cash Flow$95,878 Employees12 full-time
FF&E$181,574* FranchiseNo
Inventory$278,431* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
The business has operated for over 55 years. The products produced have changed over time to meet customers changing demands. Currently, the business manufactures equipment that heats materials as part of a manufacturing process. Most orders are custom made to the precise specifications of the customers. The business operates in an niche industry and does not have any direct competitors.
The manufacturing process that the company employs is light assembly of multiple sourced components and custom components modified by the company. The equipment produced are integrated into larger applications that customers employ. Customers are both domestic and international and include universities, machine shops, defense contractors, wafer manufacturers, technology companies and many more. Many customers are repeat customers as there is no other business that provides comparable quality and customization.
A new owner has plenty of opportunity to grow and improve the business. There has been a recent website refresh and internal financial controls have been strengthened. The business does not do much direct outreach to customers or advertise in trade journals.
Seller Financing:Asset Sale
Sale Reason:Founders Passing
Ad #100437
Seller Reference #CHICAIL003-N1001
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Contact This Seller
Domenic Rinaldi
(773) 243-1603
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