Established Electrical Assembly Business

Maine

Asking Price:	$925,000
Gross Revenue:	$1,607,300
FF&E:	$136,000

Cash Flow:	$188,660
Inventory:	$400,000
Real Estate:	$595,000

Listing ID: 2294814Listing provided by BizBuySell

BUSINESS DESCRIPTION

This electrical assembly business is located on the coast of Maine and services a diverse range of industries. From large corporations outsourcing assembly work to small businesses seeking to expand capacity without increasing staff, this business offers a variety of assembly services tailored to meet specific needs. With the flexibility to handle production runs of any size, the company focuses on controlling costs and inventory. Their quality management system ensures that every assembly is individually inspected, aiming for 100% satisfaction.

The business has several repeat clients due to its ability to provide flexibility in meeting client needs and also being able to accommodate expedited orders as needed. The majority of clients are on the east coast of the US.

The existing facility is available for sale along with the acquisition of the business or the entire operation can be relocated.

DETAILED INFORMATION

Location

Relocatable

Inventory

Included in asking price

Real Estate

Owned

Building SF

13,000

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

Over 13,000 SF of production and office space and has both three-phase electrical power & fiber optic internet access. The existing facility is available for sale along with the acquisition of the business or the entire operation can be relocated.

Competition

While there is a labor shortage in the specific region where the business is located, an increased use of automation has allowed this business to downsize its workforce and still keep up with client needs.

Growth & Expansion

This would be an attractive synergistic acquisition for similar businesses looking to expand upon existing services or enter a new market area. The current facility is operating at roughly 60% regarding equipment use. Hiring additional staff would increase productivity. Adding a satellite location would tap into other regional labor markets. However, this would require more management and a significant investment in extra tooling and equipment. Developing and implementing a strategic marketing plan may increase awareness and attract more customers.

Support & Training

2-4 weeks. Sellers open to discussing consulting for up to one year post-sale.

Reason for Selling

Preparing for retirement

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