Underwater Vision Systems Manufacturer-$6.5M Revenue, $1.4M EBITDA...

California
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Sale Pending
Gross Revenue:$6,500,000
EBITDA:$1,400,000
Established Year:2000
Inventory:$1,500,000
FF&E:$250,000
BUSINESS DESCRIPTION

This leading manufacturer specializes in advanced video surveillance and the demanding engineering solutions presented by science, defense, and maritime technology. With expertise in serving offshore oil and gas, defense contracts, petrochemical refineries, and advanced subsea research vessels, this solution-driven company solves high-tech problems for anyone who needs to see and monitor things in challenging locations.

This company provides comprehensive, custom installations that include full lifetime project management. Notable achievements in enhancing situational awareness in hazardous conditions make them stand out from competitors. The ability to solve complex engineering problems in multiple specialized fields opens them to potential applications in nearly every industry.

With 23 dedicated employees and a revenue of $6.5 million in 2023, the company is poised for significant growth and expansion.

•2024 Projected Revenue = $6.5M
•2024 Projected EBITDA = $1.4M
•2023 EBITDA = $1.5M

Value Proposition:
Ideal for someone with robust marketing and sales plans. Interested in the industrial markets, engineering talent, back office to support year-over-year double-digit growth and have the financial backing to make it happen.

Owner is looking to retire and will offer a transition period.

Please sign the NDA via EXIO: https://goexio.com/underwater-vision-systems-mfg


DETAILED INFORMATION
Location
California
Inventory
Included in asking price
Employees
23
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Company leases two building spaces attached to each other. The Owner’s Trust owns the main building and leases it to the Company at fair market rent. The other building is on an annual renewable lease from a third-party property owner.
Reason for Selling
Retirement
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John
Ovrom
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John Ovrom