Profile: Education & Training Systems Integrator.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Dan Chomko, Broker
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| Primary Phone: |
415-829-3620 |
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| Alternate Phone: |
650-823-0976 |
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| DRE Number: |
01798618 |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
9/9/09 |
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| Date Last Revised: |
9/9/09 |
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| BizBen Ad #: |
142277 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$1,800,000 |
| Down Payment: |
Call/Email |
| Annual Revenue: |
$7,194,804 |
| Annual Adjusted Net: |
$653,789 |
| Price Range: |
$1 Million to $2 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
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Description:
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Asking Price 1,800,000 Inventory Included
Gross Income 7,194,804 (2008) Real Estate Hq Facility Offered On Lt Lease
Cash Flow 653,789 (2008) Year Established 1974
Ff&e Included Employees 12
Business Summary
Overview: This Family-Owned Technical Training Systems Business Was Launched In 1974 By The Founder And Remains 100% Family Owned And Operated. Since 2000, The Company Has Evolved Into A Major Full-Service Audio-Visual Systems Integrator For Education And Training On The West Coast. In Addition, The Firm Has Recently Added Significant Sales And Installation Support Staff To Handle Increased Project Backlogs And Potential Clients. This Industry Is Poised For Continued Growth Through Federal, State And Local Specialized Funding In Educational Technology And Is More Resilient To The Economic Downturn Due To This Focus On Upgrading Educational Tools At All Levels. Appointment Only By Listing Agent: Dan Chomko: 415.829.3620.
The Ideal Buyer: Would Be An Existing Technology Reseller, An Education Solutions Provider Looking For Complete Coverage In California And Nevada, An Audio-Visual Solutions Provider, A Company Providing Turnkey Education Classrooms To Corporate And Government Clients, Or An Individual With Strong General Management Skills.
Numerous Affiliations: The Company Has Accumulated A Long List Of Educational Affiliations In California And Nevada And Has Strong Credibility Among School And Corporate Educators. Headquarters Is In A Centrally Located North Bay City With Sales And Support Offices In Sacramento, Fremont, Los Angeles, Santa Cruz, And Orange County, Ca; And Reno, Nv.
Strong Client List: Chevron, U.S. Air Force, Pg&e, Dpr Construction, And Multiple Local School Districts, Colleges, And State And Local Agencies Throughout California And Nevada.
Area Served: Throughout California And Nevada, But Could Expand To Neighboring States.
An Education And Sales Facility. The Company Headquarters’ Facility Includes Product Support, Demonstration Facilities, And End-User Training. Their Services Provide Solutions For All Levels Of Education Including Technical Training, Ranging From Elementary School Through Higher Education, As Well As Government And Corporate Clients. Headquarters Location Will Be Available On An Attractive Long-Term Lease.
Market Outlook
Growth/Expansion: Owner’s Cash Flow Has Grown 35% Annually Over The Last Three Years. 2009 To Date Has Seen Equal Order Volume To 2008 But Smaller Order Size. Future Growth Can Be Achieved Via Additional Sales Personnel, Hiring Of High End Design Engineers To Compete For More Complex And Larger Dollar Projects, And Increased Marketing Emphasis.
Profitability: The Revenue Base Has Experienced Explosive Growth Averaging 30% Per Annum Over The Past Six Years. In 2008, Seller’s Gross Income Was 7,194,804 Million And Owner’s Cash Flow Was 653,789.
Established Diversified Leader: As A Major Provider Of Interactive Whiteboards, The Company Predicts Strong, Double-Digit Growth In Iwb Sales And Offers A Complete Unified Classroom Solution. The Firm Also Provides Multiple Solutions For Engineering And Technical Training Systems In The Form Of Specialized Simulation Equipment, Software, Curriculum And Lab Furniture. One Of The Firm’s Primary Suppliers Recently Introduced Solar And Regenerative Energy Education Tools Which Will Proliferate In The Immediate Future.
About The Sale
Financing: The Company Is Being Offered As An Asset Sale At An Asking Price Of 1,800,000, Which Includes All Operating Assets, Current Contracts, Affiliations, Furniture, Equipment, Vehicles, Inventory, And Goodwill. Owner Will Consider Up To 15% Of Purchase Price Available For Seller Financing.
Support/Training: Seller Is Willing To Work With The New Owners To Ensure A Smooth Transition With Long-Time Suppliers. There Is A Non-Compete Clause In Place.
Reason Selling: Owners Are Seeking The Right Buyer To Take This Company To The Next Level.
Contact Information
Dan Chomko
Emk Advisors
Phone: (415) 829.3620
Email: Dan@emkadvisors.Com.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Dan Chomko, Broker at 415-829-3620 or 650-823-0976 |
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