Asking Price: Offers Solicited
Gross Sales: $412,000
Raw Materials Inventory: $400,000 plus (included in price)
FF&E: $150,000 (Estimated. - All Manufacturing Equipment, Fixtures, Shelving, Workbenches, and
Tools included in the asking price.)
Summary: Founded 50 years ago, this family-owned and operated business designs and manufactures a comprehensive line of precision coil winding machinery used to produce Bobbin and Toroid components for the electronics industry. The advanced age of the original founder and currently declining sales has motivated the family to assume control and now offer this business for sale. This is a tremendous opportunity for an entrepreneur to reinvigorate business sales and re-establish its profitability and industry-leading reputation. This would also be an attractive acquisition for a firm in a related business looking to extend its product line offering. Approximately one-half of current revenues are from the purchase of spare parts and components. The business is attractively priced at the hard asset value of inventory ($400,000 plus) and manufacturing machine shop and production equipment, furniture and fixtures.
The business employs 2 key full-time staff in electronics assembly and the machine shop (who are expected to continue employment), and 11 part-time staff. There is no one in an active sales or marketing role at this time.
Facility: Operations and manufacturing are located in a 16,000 sq. ft. facility located in the Boston area and can be easily relocated if desired. A buyer can purchase the current facility valued at approximately $750,000 or lease the space from the owner.
Furniture, Fixtures and Equipment: A full Machine Shop is Included in the asking price, as well as all Manufacturing Equipment and Fixtures, Shelving, Workbenches, and Tools.
Hours: Currently open Mon – Fri. 8:00 AM to 4 PM.
Seller has provided this business information. The broker does not certify or warranty this information.
For more information call Bob Karlis at 781.749.3087 or email to bkarlis@cabotbb.com.