In escrow. Established in 1994 by the now 80 year old retiring owner, this niche company produces a superb line of products in its industry, and with relatively unthreatening competition. On some products it is the best or the only producer. The company does not literally manufacture every part but purchases components to its specifications from vendors, and then assembles the components into its own products. Consequently, there is no sophisticated or expensive manufacturing equipment needed, or more than its 3 employees. The company itself is well designed to operate efficiently and with high profit margins.
The owner is not an engineer but an entrepreneur, and suggests that a new owner, in addition to having general business management skills, understands technical and production aspects in addition to having good marketing/sales skills.
The business has an excellent reputation in its industry, and particularly emphasizes very strong product support and customer service. A good portion of sales come in through its website and from the major trade shows it attends during the year.
This can be a particularly good opportunity for a younger, more ambitious and aggressive new owner. Training and support will be provided as needed.
Note that the price includes $25,000 in inventory. Additonally there is about $75,000 of WIP/finished goods to be negotiated at closing.
Business does not qualify for sba financing.