24 year old wireless communication manufacture

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Background

BizEx ID:BizEx1364-SL
General Location:San Jose, CA
Category: Manufacturing
Aviation & Aerospace
Years in Business:24
Under Present Owner:all
Hours of Operation:9am-5pm
Owner Hours:20
Training:5 weeks @ 20 hours
Organization Type:C-Corp
Lease Expiration:2022
Lease Options:
Building Size:10,000
Employees:10
Reason for Sale:retirement

Financials

Asking Price:Call
Down Payment:Negotiable
Gross Sales:$1,177,158
Discretionary Cash Flow:Call
FF&E:
Inventory Included?Yes
Inventory:$900,000
Min. Operating Capital:
Real Estate Available?No
Rent:$26,080

2020
Gross Sales $ 1,088,781
Gross Profit $ 607,132
Disc. Earnings $ 61,836

Description

A well-established California based aerospace technology manufacturer is available for sale. The company has been in business for since 1997. It is primarily Business to Business (B2B). Normally the customers are 10 to 100 times larger, mostly in military radar. Presently 20% commercial and 80% military.
The company’s niche is micro-electronic military radar, based on space and high reel military applications. The products are built in modular thin film process that makes it easy to change the configuration for different applications.
It has taken over 30 years of constant improvement to get full maturity of the product. There will be no need to change the technology for, perhaps, another 30 years with continuous demand.
The company has many customers in the U.S. and all over the world. There are so many orders but not enough qualified personnel to fulfill them fast enough. As of June 1st, the backlog is over $1 million.

More info:

  • 1M in backlog of orders
  • about 900k in inventory (finished goods and raw materials combined) is included in the sale
  • B2B customer base to defense companies, US Military/Gov't, other countries and telecom
  • Aerospace knowledge is needed
  • Current net margins are 5% of revenue.  Rent represents 30% of revenue, so buyer that could move into another facility would be ideal
  • owner is retiring and open to any reasonable offer

 

Please contact Steve Lukes, M&A Advisor, 310-871-2909 or slukes@bizex.net


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.




Steve Lukes
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 164
Direct: (310) 871-2909
Lic#: 02092334

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations