Manufacturer/Designer of Patented Custom Ultrasonic Cleaners

Morristown, NJ
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Cash Flow:$650,000
EBITDA:$725,000
Gross Revenue:$2,800,000
Established Year:1971
BUSINESS DESCRIPTION

This long-established business enjoys an excellent reputation as a leading OEM manufacturer of ultrasonic cleaners for large and small industrial manufacturers. Products sold to various industry sectors include aerospace, automotive & aviation, military, and clean rooms. Typical product applications include wire cleaning, metal strip cleaners for complex progressive stampings, water purification & filtration systems. Smaller table/bench top products are used for basic applications while large cleaning tanks and multi-stage systems are used for applications requiring additional features such as rinsing, rust prevention, drying etc. Quick turnaround times and competitive pricing is available on standard and custom products that are assembled in-house. There are approximately 80-100 active accounts in any one year and no customer concentration. Sales are highly repetitive from existing accounts and also generated through the company web page and referrals. The company operates on 4 day/10 hour work schedule. The business employs a stable, knowledgeable, and well-trained staff of 7, including the 2 owners. Nonunion. The company leases 15,000SF of warehouse and executive office space. Owners wish to retire with one partner available for a transition period of up to two years.


DETAILED INFORMATION
Location
Morristown, NJ
Inventory
Included in asking price
Support & Training
Owner will provide necessary training
Reason for Selling
Owner is retiring
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Frederick B. Collins
Fidcol Corporate Services Inc.
Frederick B. Collins