||Employees||3 full, 2 part
* Included in Asking Price
US-owned 14 year-old company with established production facilities in China manufactures high-tech, electronic multi-currency cash counting and currency authentication detecting machines.
The company’s turnkey offering package includes all tangible and intangible assets, collectively valued at $2,900,000. Current owner has invested $3.25 million.
|Facilities:||Tangible Assets $1,200,000. Enterprise software, manufacturing molds, components and in-progress prototype new machines. Software includes unique code to operate (25) different models of machines.
Intangible Assets $1,700,000. Includes engineering intellectual property, international trademarks, goodwill and R&D of two (2) new types of machines unique to the cash management industry.|
|Growth Potential:||Historical Sales
Worldwide sales of over 59,000 machines since 2004 to private and government customers with installations in (16) countries including Europe, Africa and South America. Past install customers include banks, hotels, post offices, and retail.
The seller has projected annual, unit machine sales of 5,000 machines in 2018 increasing to 16,000 machines in 2020. Introduction of new products will increase worldwide sales. Profit margins are significant since all manufacturing is out-sourced but tightly controlled; corporate S, G & A responsibilities can be accomplished with only (5) employees, and only outside distributor sales has been required. Additional customer demographic targets include casinos, restaurants, supermarkets, convenience stores, race tracks, airports and other transportation facilities. Revenues can be derived from installation sales, parts sales and service contracts.|
|Training/Support:||Generous transition support provided by seller.|
|Seller Financing:||If minimum cash down payment.|
|Sale Reason:||Retirement exit.|
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