Description About This Posting: Electronic Test Equipment Sales Service
Located in the vicinity of the Santa Rosa/Napa region for over 23 years, this business is the premiere source for new and used electronic test equipment in California, with over 8,000 new and refurbished instruments in stock, as well as the best rates on rental equipment and trade-ins in the industry.
The asking price is $499,000, plus inventory (at a cost to be negotiated); see details below. The annual gross revenues are projected to be $1,100,000 for 2019, Seller's Discretionary Earnings ('SDE') expected to be $384,000 in 2019. Some seller financing may be available. The business will support semi-absentee or remote ownership.
This profitable company buys, sells, services, and refurbishes test equipment. They have many government contracts for service and purchases, as well as hundreds of commercial customers worldwide.
In addition to being a leading provider of new and used equipment from Agilent, Tektronix, Fluke, Advantest, and Anritsu, the business offers fast and efficient test and calibration services at competitive prices.
The business has an excellent reputation for over 23 years of repairing, reconditioning, and calibrating electronic test equipment of all types. Calibrations are traceable to NIST and ISO standards. Their technicians have decades of experience. It's like getting test equipment repaired by the OEM at a fraction of the cost.
They repair and calibrate products from all the major manufacturers of test equipment. Products for sale or rental include: Analyzers Spectrum, Network, and more; Oscilloscopes Digital, Analog, and more; Meters Power, Frequency, Resistance, and more; Generators Signal, Noise, Pulse, and more; Power Sources AC & DC; Digital Communications Equipment; Probes; Optical Equipment; Motors and much more.
Sales are made using various channels directly and through re-sellers, such as Ebay and other Internet venues and through a very active government bid/contract process. Many related products and services could be added to grow sales and profits. Gross sales revenue in 2018 was $1,054,623, with net operating income of $107,000, and total seller's discretionary earnings (SDE) for the owner-operator of $282,000+. Sales for 2019 are projected at $1.1million with a projected SDE of $384,000. Complete historical financial data will be available to a serious buyer upon submitting an NDA and talking with the broker.
The owner will stay as long as needed for a smooth, hassle-free transition, with duration of that time open to negotiation. The business will support semi-absentee or remote ownership.
The business is operated from a 12,000 sq. ft, building with office, lab, and warehouse space. The new owner can take over the facility lease or relocate, at their option.
The Transaction: The business is offered for total asking price of $499,000 (approximately 45% of projected annual sales / 1.3x projected SDE). This is for the entire business tangible assets, e.g., equipment, machinery, furniture, fixtures, etc.; and intangible assets, e.g., website, trademark, logo, trade name, telephone number, methods of operation, vendor/supplier resources, customer lists, etc.; and good will. It does not include cash, accounts payable, accounts receivable, rental (lease) deposit, inventory, or corporate entity. Inventory is extra at actual cost, or a price to be negotiated. (Inventory is carried at a 'book' value of ~$700,000, an lower actual value for business transfer purposes to be negotiated between the buyer and the seller.) Some seller financing may be available for a qualified buyer with adequate collateral.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does not represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.
To get more information about this Electronic Test Equipment Sales Service business for sale in
Santa Rosa, Napa Area please phone Tim Cunha (Intermediary, Broker - BRE License #:01919755) at 650-600-3751 and 844-237-6487 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #253821 on BizBen.com. In addition to phoning
Tim Cunha, make sure you email Tim Cunha above to get more info about this
Electronic Test Equipment Sales Service, to ask any questions or request an appointment to see this
business for sale. Thank you.
Related Links And Information Regarding This Posting
Founder & President Of BizBen.com (since 1994) & BizBenNetwork.com. I am the Lead Facilitator for the ProSell & ProBuy Programs on both websites. I consult daily with buyers, sellers, and intermediaries daily about buying and selling businesses. Call 925-785-3118.
Redwood Escrow Services, Inc. is a full service, licensed independent escrow company. We are EAFC Fidelity bonded, fully insured & licensed with the Department of Corporations. Committed to offering our clients the most comprehensive variety of escrow services available. Phone Janet at 510-247-0741.
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
Bob Hughes is a business broker & is President of Hughes Properties. Hughes has a wide variety of entrepreneurial experience with the personal ownership & sale of numerous businesses, and has sold over 200 small & mid-sized businesses in the Riverside County marketplace. Call Bob at 760-323-8311.
Related Articles, Events, Blog Posts, Discussions, Videos, Interviews
Ever wonder what is involved in obtaining business purchase financing to buy a business or franchise? Peter Siegel, MBA who has over 25 years advising on all types of financing for business buyers in this BizBen Podcast & Webinar - SBA loans, Non-SBA Financing, Alternative Financing Sources.
Total sales of California small businesses sold were down 18.1% from last month and down 20% from the same time last year in California. Several factors contributed to these numbers including: owner/sellers waiting to list until 2020, more business brokers exiting industry, lower buyer demand.
The likelihood of selling a business is often determined by external factors in the marketplace. Here are eight influences on how easy, or difficult it might be when selling a small California business. Peter Siegel at 925-785-3118 (BizBen ProSell Program) explains these factors for owner/sellers.
What are the actual "provable" adjusted net earnings (cash flow) of a small to mid-sized business being purchased? Buyers need to look carefully at all financial info for the "real" adjusted net income/cash flow. Peter Siegel, MBA (BizBen ProBuy & ProSell Lead Facilitator) at 925-785-3118 explains.
Should owners who offer a business for sale reveal to prospective buyers any income that is not recorded in the books? This is a controversial topic with arguments both for and against. Most business sales intermediaries believe if you don't pay tax on it, you can't claim it. Some sellers disagree.
Negotiating the terms of a business deal is a delicate process, where one wrong move can cost you the business that you wanted to purchase. Peter Siegel, MBA (BizBen ProBuy Program) discusses the ins and outs of negotiations, and how to work well with the seller to get a deal done.