Experienced Manufacturer of Patented Technology! (37957)

Seller Financing Available

From its prime HQ in California, the company provides specialized design, engineering, manufacturing, and distribution of various standard & custom card readers for use in niche electronic equipment. Their plastic-base body blueprint and circuit settings allow for single electronic board types to be used with several reader series, accompanied by a reader magnetic head assembly made to fit universally on all variations. Able to configure for two card detect options, direct optical or mechanical sensing, data decoding is also performed by embedded controllers relying on a proprietary algorithm, reprogrammable to customer specifications. As the owner is involved in leadership duties, supplier relationships and engineering specs for products designed in-house, it is ideal that the Buyer bring an engineer in place to absorb knowledge of the trade during transitioning. Besides their active website, engineer engagement, and referral sources from a recurring clientele, the seller uses direct mail advertising and participates in Yearly Global Expositions (G2E, etc.) to further industry networking. Despite a dip in financials after 2020’s pandemic, biz is debt-free with Sales climbing from $1.4 Million in 2022 to $1.9 Million for 2023 holding $570,000 Net Profit. Boasting local/international outreach and two decades of reputation, Receivables & WIP can be negotiated at sale, plus with niche sectors, company is a great add-on potential to take an existing business to the next level! The property uses about half of a 2,100 square foot shop for inventory and some equipment. This business has a great foundation and shows opportunities to expand, contact us today.