Listing Number: 51951-924324
Description
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.
Listing Details
- Price: $3,200,000
- Down Payment: $3,200,000
- Sellers Discretionary Earnings: $657,816
- Total Sales: $2,786,701
- Location: California
- Inventory: $50,000
- FF&E: $200,000
- Employees: 14
- Reason for Selling: Retirement
- Category: Manufacturing
