Niche Manufacturer Of Specialty Lighting Products
Location United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $2600000
Net Profit / Cash Flow $250000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1989
Number of Employees 20 - 34
Inventory 470000
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training Negotiable.
Reason for Sale Retirement.
Description Located in the Mid-Atlantic, the Company is a niche manufacturer of specialty architectural grade lighting products for the non-residential building market. Over the last several years, the company has developed a proprietary and innovative line of attractive lighting products that utilize the most advanced lighting technology while reducing both energy cost and total life cycle maintenance costs. Feedback by the architects and engineers who specify such products in building designs has demonstrated beyond doubt that this product line is superior to other competing lines in its product segment. In spite of overall market softness and with limited sales support, the company has continued to grow and expects to grow much faster over the next 5 years. The management team is experienced and very knowledgeable and the facility is well suited to its current operation.
Ideal buyer is a company in a related industry or high net worth individual who will commit the resources to support the expected growth. Company operates from 4,300 sq ft of combined office and factory space on a two acre site. Facility is leased from an entity controlled by the business owner and the property is not included in the business sale but is available for lease or sale. Management has plans in place to expand the facility by 10,000 sq ft to support the expected growth.
Owner is ready to retire after many years in the industry. He will stay full time up to one year but would rather step down as soon as a transition is accomplished. He is very willing to remain indefinitely part time in a consulting /product development / training role. The owner will entertain offers of varying financial and legal structures and each will be evaluated on it own merits and in relation to other offers. Contact for more information on this Lighting business for sale.
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