Electronic Product Development and Manufacturing Business

Michigan

Seller Financing Available

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Asking Price:$3,000,000
Gross Revenue:$2,130,614
Rent:$8,000/Month
Cash Flow:$427,678
Inventory:$100,000
Established Year:1999
BUSINESS DESCRIPTION

**Seller financing possible. Proof of funds, Confidentiality Agreement, and
Seller Approval are required to disclose any additional information**

Our firm is proud to bring this long-established, innovative, and profitable engineering and manufacturing business to market. The owner started this business in 1999 after working in corporate America for many years. This business is dedicated to helping customers solve their engineering and manufacturing needs.

The business does all of its engineering and manufacturing in-house and can create solutions for customers in an expedited manner. The engineers work alongside the manufacturing department to ensure the products they make are high-quality and suit the customer's needs. The business has managers to oversee the employees, and the owner oversees the overall operations while maintaining the customer relationship. The owner is willing to stay on board for a new buyer to ensure a smooth transition.

The business has all the machines and equipment needed to manufacture most of the products their customers request. Most of their customers are within the automotive, recreational, and commercial industries. They specialize in electronic assemblies, instrument clusters, wire assemblies, custom products, and embedded software. The business is expanding into other verticals because of new opportunities in the market.

The ability to do engineering and manufacturing in-house helps this business achieve excellent profitability. This is an excellent opportunity for an owner-operator or a bolt-on acquisition. Additionally, the owner is open to seller financing with $800,000 as a down payment and the balance amortized over 10 years with 8% interest. $500,000 of working capital will be included in the sale price as well. Give us a call today to learn more.


DETAILED INFORMATION
Location
Michigan
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
10,000
Lease Expiration
01/01/2025
Employees
14
Financing
Seller financing available with $800,000 down payment.
Support & Training
Seller will train
Reason for Selling
Retirement
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Haroon
Bhatti
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Haroon Bhatti