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King County, Washington
Asking Price
$160,000
Revenue
$293,384
Down
$160,000
Cash Flow
$54,105
Name: Business Team
Phone: Show phone number
Name
Business Team
Phone
Show phone number
Posting ID:
292637
Business Category:
Manufacturing & Industrial, Business Service, Service
Business Types:
Sign Shops & Service
Keywords:
King County, washington, sign, signage
Attributes:
Broker Cooperation
Semi Absentee Run
Training And Support
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Riverside County, California
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Controls Systems And Product Engineering
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For sale is a controls systems & product engineering company specializing in sensors & MMI controls with over 25 years of history. It was originally started as a product development firm and in the past 40 years has been transitioned into a product manufacturing company with an extensive intellectual property and fully developed product list, a well-established product line and reputation in the market segments it serves. The company has a reputation for highly innovative and unique products of high quality and is well positioned to grow through a targeted marketing strategy. This company has a well-developed expansive product offering that is ready to be marketed across a wide range of fields. The mission of the business is to provide high-tech cost-effective solutions for man machine interface control applications to maximize life and survivability at the highest quality standards while minimizing OEM system insertion time, cost, and OEM time to market. With the appropriate marketing team, bringing these products to the market would mean a minimum of 10X growth in revenue within 5 - 10 years. ** GROWTH POTENTIAL: The company is working on over 20 named programs within Medical & Industrial, Sub- Sea & Space, Military, and Mining, Oil & Gas industries with a forecast of over $90M in revenues with estimated projection of profit more than $40M in gross profit. These projections exclude any other new programs and any additional marketing and sales efforts. The projections for the military market are based on military program analyses and defense spending and acquisition plans that have been presented by the Government at various industry days and by program managers and staff contacted by company representatives over the past several years. With some additional investment by the right buyer in further development of corporate infrastructure, significant growth can be possible. ** EARNOUT: With the huge growth potential on the horizon in the coming 5 year span, the owner is interested in remaining as a programing manager for named programs on an earn-out arrangement of up to an additional $4,200,000.00 to be earned over 5 years directly associated with gross profit margins of the future programs. The details to be negotiated. ** FACILITY: The company owns it current facility that is also available for sale for $4,600,000 as an option. For further details, please contact agent. Founded in 1980, this company began as a consulting and product development company focusing on serving commercial and industrial customers in need of advanced technology, product development and implementation. In 1995 the company started to pivot to developing and manufacturing its own product line, eventually bringing all manufacturing capabilities in-house. During this time, the firm developed an extensive modular building block of products that have been adapted to various man machine interface systems and sensors. One product developed was sold to a large manufacturing company. The proceeds from that sale were used to develop the current technology and product line and move the company into the military, sub-sea & space, mining, oil & gas, medical & industrial and heavy industrial sectors. Competitive Overview: Both the sensor technology and the man-machine interface technology and controller that have been developed are unique in the industry. The sensor technology utilized both in the man-machine-interface products and sensor products was specifically developed by the company with proprietary manufacturing processes that are unique in the industry. Additionally, the company is the only company in the military space that has a motorized vehicle control and a mounted-dismounted configuration package that was presented to the government and used by the government to develop the manned-unmanned next generation vehicle control requirements. The Universal Operator Control Unit has very limited competition in the robotic space and is uniquely positioned due to its cost, capabilities, and features. This is the only company in the world that has a fully developed and fielded submersible input device product family that includes fully submersible explosion proof joysticks, mice and robotic controls, sensors and miniature switches, man-machine interfaces and position and force sensors. Potential Growth: The company is working on over 20 named programs within Medical & Industrial, Sub- Sea & Space, Military, and Mining, Oil & Gas industries with a forecast of over $90M in revenues with estimated projection of profit more than $40M in gross profit. These projections exclude any other new programs and any additional marketing and sales efforts. The projections for the military market are based on military program analyses and defense spending and acquisition plans that have been presented by the Government at various industry days and by program managers and staff contacted by company representatives over the past several years. With some additional investment by the right buyer in further development of corporate infrastructure, significant growth can be possible.
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