Price: $950,000
Location: Connecticut
Industry: Manufacturing
Listing ID: 05221665
Listing Status: New
Business was established in 1985 by the parents of the current three owners who had developed prior expertise in the electronic, voice, data and communications industries. The Company continues to this day to meet the increasing demands of the communication and data industry and is a leading manufacturer and distributor of a wide range of extensively tested products for the communication and cabling industries along with military, industrial and other commercial applications in satisfying demands of its many customers. A majority of products take the form of wired electrical connectors, wiring harnesses & assemblies manufactured to customer specifications. Sales for the Company for the past three years, essentially the period of the Covid 19 pandemic, averaged just over $1 million per year. Each owner drew a salary of about $70,000 per year, plus personal vehicles, in covering management, technical and finanancial functions during this period. The total employment is 10 people. The facility is 6,277 sq. ft. and is family owned. Rent is to be $ 4,707 per month ($9 per sq ft.) for thr first year only with options available. The business will be a good fit for a single family to purchase and manage where all facets of a manufacturing enterprise come into play with the opportunity and challenge to grow sales and profits. On the other hand, an acquisition by another company with the intention of combining this Company's product base with their own existing business base is also feasible. Offering price is $950,000 including all equipment. Inventory is in addition to the purchase price. Receivables and payables are current owner responsibilities.
Down Payment: $950,000
Total Sales: $1,067,965
Cash Flow: $104,784
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: N/A
Inventory: N/A
Non-Owner Payroll: N/A
Real Estate: N/A
Monthly Rent: N/A
