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Thick-Film Coating Technology Manufacturing (SOLD)
County: California, CA
BusinessQuest ID: 21027



Contact: Ed Fixen, (909) 636-9827
Financial Summary

General Information
Price:
$2,000,000
Financing:
Yes
Down Payment:
$500,000
Year Established:
2005
Sales:
$3,000,000
# Employees:
15
Cash Flow:
Call/Ask
Facility Size:
4000 sq. ft.
Inventory:
$150,000
Training:
16 weeks
Inventory Included:
Yes
Reason for Sale:
Retirement
FF&E:
$375,000
Monthly Lease:
$8,500.00
Business Summary
Contact business broker for more information regarding this well-established and niche technology manufacturing business for sale located in California. Founded in 2005, this niche technology manufacturing business provides manufacturing services for microelectronics-enabling technology. Customers and industries served include medical device, aerospace, defense, optoelectronics, scientific and other commercial industries located around the world. The company’s manufacturing services provide an alternative approach to printed circuit board technology while still offering the ability to miniaturize integrated circuits. The company is ISO 13485 certified (medical device industry), ISO 9001 certified, ITAR registered, Military Specifications compliant and Aerospace Industry Standards compliant. The company has approximately 18 employees, including two full-time working owners. After many years of strong growth and profitability, the business did suffer a downturn in 2020 and early 2021 during the pandemic as a result of downturns in the medical device and aerospace industries. Fortunately, the business is rebounding well, has a very strong backlog and is on track to return to pre-pandemic revenue levels in excess of $3 million by the end of this fiscal year (July 1, 2020 to June 30, 2022). The company has also successfully implemented price increases to improve profitability with several key customers. The sellers will entertain either leasing or selling the building but the real estate price is not included in the asking price above. The asking price also does not include cash, accounts receivables or any liabilities. The sellers are open to reasonable seller financing terms. The owners are selling because they are ready to retire but will stay on for a reasonable period of time to assist with a smooth transition to new ownership if desired. Contact business broker to complete a Non-Disclosure Agreement and receive more information regarding this well-established and niche technology manufacturing business for sale located in California.

Disclaimer

BusinessQuest™ (“Broker”) has made no independent investigation or verification of any representation, warranty, document, or information presented by the seller herein. Prospective buyer is responsible for their own independent investigation with respect to such items and is advised by Broker to do so and to obtain the appropriate counsel from legal, accounting and other professionals concerning this business opportunity.

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