Consumer Electronics & Digital Photography Business For Sale

Business description

Unique and most innovative business consumer electronics’ company which Sellers believe has considerable sales growth and profit potential. The business is restricted in scope and growth only by its current limited financial resources.

The business was formed in 1985, from which time it has been under the same ownership, management and control. Operations originally consisted of the manufacture of componentry for the computer industry. Following major changes over recent years in that industry, the company has redirected its focus and strategy into digital photography. The business, since 2002, consists of the manufacture offshore and local distribution of several unique and appealing products including:

• Converter of 35mm Film Negatives and Slides to Digital Images
• High Definition Camcorder and 5MP Digital Camera
• Hand Held Entertainment Storage Player (Photo, Music, Video)
• Data Storage and High Speed Memory Card Reader
• Internet World Radio

The design, manufacture and packaging of the products are undertaken in China under supply agreements with Chinese companies. This arrangement is not only most cost competitive and efficient but also eliminates the high cost capital expenditure and fixed costs related to manufacturing infrastructure for the company.

The company maintains a modern warehouse (owned by the principals) located in a very desirable commercial complex where it conducts any remaining required product assembly and packaging of the products for subsequent distribution and shipment to customers.

The staff numbers 10 (including three principal owners). Sales are nationwide and are conducted through three sales representatives (independent contractors). The customer base is principally the major retailers (both “brick and mortar” and internet) including Costco, BJ’’s, Sam’s Club and Fry’s Electronics. While a great deal of the marketing is handled in collaboration with the company’s customers, the targets resources to this critical aspect via coverage on TV, the Internet (Google), in print and on billboards.

Competitive Advantages:

• Established and experienced international design, manufacturing and marketing infrastructure
• Most desirable and technologically advanced product line
• Meaningful competitive sales price advantage
• Enviable gross margin (GP percentage: 35%)
• Close and excellent relationship with major retailers

Seller will consider either an outright sale but he is equally interested in evaluating investor participation (partial sale).

Sales Revenue: $4,961,000 (estimate 2009)
FF&E: $5,000
Inventory (included in asking price): $750,000
Seller’s Discretionary Earnings: $451,000 (estimate 2009)
Asking Price: Negotiable

Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Orange Coast or its agents have not verified the information and makes no representations as to its accuracy or reliability.

Property information

Location:

3,500 sq.ft. - seller owns property - rent will be $7,000. relocatable.

Size in square feet:

3,500

Other information

Support & training:

seller will provide training.

Reasons for selling:

The business is restricted in scope and growth only by its current limited financial resources.

Financing available:

Seller will consider either an outright sale but he is equally interested in evaluating investor participation (partial sale).