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Listed by:

Bateson Business Brokerage

Leading Electrical Component Manufacturer For Sale

Brevard County, Florida, US
Freehold Price:
$2,032,000 (USD) Furniture / Fixtures and Inventory / Stock included
Lease Asking Price:
$1,575,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,821,684 (USD)
Cash Flow:
$581,156 (USD)

Provides specialized design and manufacturing services of high quality electrical products to a global client base. 30+ year old business continues to experience strong growth. Considered a world leader in the production and design of teleprompters serving the broadcast industry. Manufacturing is on an exclusive contract basis to a leading world-wide distributor. Company also produces specialized monitors and highly sensitive displays for electronic controls and circuit board assemblies. Staff is also engaged in select repair services. Sale includes transfer of intellectual properties.

Property Information

Real Estate:

Available as lease or with real property included

Lease Terms:

Based rent noted that is NNN. Term can be negotiated based on need with purchase option, if desired.

Lease Rent:
$8 (USD) per sq ft per annum
Location:

Facility is located within Brevard County with direct frontage along major north south Hwy.

Premises Details:

Facility is available for purchase or lease ($7.75/SF NNN). Building consists of 5,000 SF warehouse/flex-space located on 0.34 acres along primary north-south highway. Building is broken out into 3 components: 1). 1,250 SF office build-out, 2).2,500 SF production facility and 3). 1,250 SF storage area (non-A/C). All rooms are fully insulated with building recently updated with new roof and entrance awning.

Size in square feet:
5,000

Business Operation

Expansion Potential:

Increased sales activity is a direct result of technical superiority of product and updating needs of expanding broadcast stations worldwide.

Competition / Market:

Subject teleprompters are considered world leader in terms of technology and service. Product is manufacturer on an exclusive contract basis with global recognized distributor with full sales and technical support team promoting branded product. Niche market segment has isolated advanced technology companies from entering space.

Reasons for selling:

Retirement

Trading hours:

8am-5pm Mon-Fri. Given increased activities weekend overtime is self-elected by several employees.

Employees:
4
Years established:
32

Other Information

Support & training:

Up to 3 weeks at $0 consideration. Principal will be available for longer term transition, if desired.

Furniture / Fixtures value:
$53,157 (USD) - included in the asking price
Inventory / Stock value:
$40,000 (USD) - included in the asking price
Lease asking price:
$1,575,000 (USD) - Furniture / Fixtures and Inventory / Stock included

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