Manufacturing - Quartz Glass For The Electronics Industry
Asking Price: | $825,000 |
Gross Revenue: | $2,800,000 |
FF&E: | $350,000 |
Established Year: | 1988 |
Cash Flow: | $431,000 |
Inventory: | $350,000 |
Real Estate: | $1,170,000 |
This company is a highly-reputable company performing work for both smaller and larger companies like Texas Instruments since 1988. This is a very unique opportunity as the owner is retiring. The owners have built a company with a great reputation and high integrity and have provided excellent service to their customers. They employ only the highest-trained employees in the industry whose goal is to make this the best quartz fabricating company in the country. The owners are older and have been running the company without any extensive business background but have been very successful over the years. The company needs some “new blood” ie; a new owner to take charge of administration and operations and take the company to the next level. They have a sales person who has been there for many years but has to spend a portion of his time helping to manage the plant. All the equipment is in place for this company to increase sales up to several million dollars annually. A full-time salesperson could be very instrumental in this endeavor. The company leases its 20,000 square foot facility from the owner and is to be sold along with the business. Backlog orders now total $2.0 million and the company is constantly bidding for new projects. The owner has put together a three-person management team to operate and run the business. While the team is new, all three have total experience in this business of more than sixty years.