Owner preparing to retire with this family owned, forty-year-old highly profitable manufacturing & distribution company with a dependable gross yearly income of $1,382,341 and a net yearly income of $381,000. The company designs, manufactures and distributes high-performance power supplies for a wide variety of applications, including: Medical, Military, Computer, Industrial, commercial, Telecommunications, Railway and Transportation industry. For the medical industry they offer diagnostic and therapy equipment, home equipment like nebulizers and blood pressure monitors, X-ray machines, surgical tools with lights, lasers and video microscopes, defibrillators, Medical devices and equipment, Portable ventilators, 3D laparoscope, Pain-monitoring devices, Aesthetic machines, Medical analyzers, Medical aesthetic devices, Medical endoscope devices, Dental chairs and Hemodialysis devices. Their customers power supply needs covered with their broad range of switching power supplies, DC-DC converters and linear power modules. With thousands of off-the-shelf models and custom designs, they produce and offer every power supply to the highest quality and performance standards. Many of the company's DC-DC converters and AC-DC converters have been approved for use in medical applications—including equipment and devices used in close proximity to patients. All of their medical power electronics meet or exceed IEC 60601-1 requirements, offering two means of patient protection (2MOPP). Also many of the medical products have isolation voltages of 5,000 VAC—1,000 volts above the minimum required by the IEC 60601-1 standard and all of their medical power electronics exhibit low leakage currents to prevent electrical shocks. The company has an outstanding reputation They are a third generation family business that has been serving customers for the past 81 years. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return, the first year, to the owner operator prior to debt service. The company has seven full time employees who are unaware of the pending sale and fully expected to remain post-closing and the monthly payroll is approximately $23,000. The sale can include a new commercial business lease which will expires 2017-01-01 Plus additional options, with a monthly rent of $3,000 and rent security $3,000 and an option to purchase the real estate. Additionally the real estate is available to purchase separately. The business facility is located in an urban commercial area and consists of 2,700 square feet and a capacity for numerous customers. The assets of this business transaction consists of fully equipped manufacturing and distribution company with an estimated value of approximately $75,000 which includes displays, POS & accounting systems, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The business locations have appropriate private parking at the facilities which is part of the commercial lease agreement. The business is active based on a five-day work schedule with hours from 9:00 am to 5:00 pm.
Asking Price Available On Request
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