Manufacturing & Distribution Co.
Passaic County, NJ
Owner preparing to retire with this family owned, forty-year-old highly profitable manufacturing & distribution company with a dependable gross yearly income of $1,382,341 and a net yearly income of $381,000. The company designs, manufactures and distributes high-performance power supplies for a wide variety of applications, including: Medical, Military, Computer, Industrial, commercial, Telecommunications, Railway and Transportation industry. For the medical industry they offer diagnostic and therapy equipment, home equipment like nebulizers and blood pressure monitors, X-ray machines, surgical tools with lights, lasers and video microscopes, defibrillators, Medical devices and equipment, Portable ventilators, 3D laparoscope, Pain-monitoring devices, Aesthetic machines, Medical analyzers, Medical aesthetic devices, Medical endoscope devices, Dental chairs and Hemodialysis devices. Their customers power supply needs covered with their broad range of switching power supplies, DC-DC converters and linear power modules. With thousands of off-the-shelf models and custom designs, they produce and offer every power supply to the highest quality and performance standards. Many of the company’s DC-DC converters and AC-DC converters have been approved for use in medical applications—including equipment and devices used in close proximity to patients. All of their medical power electronics meet or exceed IEC 60601-1 requirements, offering two means of patient protection (2MOPP). Also many of the medical products have isolation voltages of 5,000 VAC—1,000 volts above the minimum required by the IEC 60601-1 standard and all of their medical power electronics exhibit low leakage currents to prevent electrical shocks. The company has an outstanding reputation They are a third generation family business that has been serving customers for the past 81 years. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return, the first year, to the owner operator prior to debt service. The company has seven full time employees who are unaware of the pending sale and fully expected to remain post-closing and the monthly payroll is approximately $23,000. The sale can include a new commercial business lease which will expires 2017-01-01 Plus additional options, with a monthly rent of $3,000 and rent security $3,000 and an option to purchase the real estate. Additionally the real estate is available to purchase separately. The business facility is located in an urban commercial area and consists of 2,700 square feet and a capacity for numerous customers. The assets of this business transaction consists of fully equipped manufacturing and distribution company with an estimated value of approximately $75,000 which includes displays, POS & accounting systems, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The business locations have appropriate private parking at the facilities which is part of the commercial lease agreement. The business is active based on a five-day work schedule with hours from 9:00 am to 5:00 pm. This business transaction does not require any specific government license to purchase except the required the certificate of occupancy from the particular municipality and any other required city licenses to conduct its day today business. The company’s marketing system is acceptable and consists of various systems with an average monthly cost of $4,650 monthly. The owner who represent a family group will remain post-closing in order to supply an appropriate training & transitional period to the new operator. The existing owner has elected to retire after many years in this manufacturing industry. The customer base represents various company’s in specific industries that require this particular product and none of the base customers represents more than 10 % of the business income. The business can be improved by instituting a sales staff, which would further develop the business income performance. There are limited competitors in the industry and the cost of a new operation will require substantial capital investment, also the owner has agreed to supply a non-compete agreement to the purchaser. A snapshot of the firm’s recent revenue history is as follows: 2013 $1,301,254, 2014 $1,382,341, The company’s 2014 calendar year ended September 2015 and the net yearly income was $381,000 based with an onsite / owner operator and prior to any debt service. The business has been valued based on a multiple of three times the net yearly income which includes the value of the specific business assets and bank and seller financing can be considered to a qualified buyer with the appropriate down payment, collateral and credit rating. Inventory dollar for dollar. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may Not represent this particular business.
Profitable Deli/Convenience Store in Busy Area
Passaic County, NJ
Newly renovated Deli/Hot Food/C-store in a high-traffic area. A nearby school & a very large Laundromat drive many people to this section. SALES: Convenience 60%, Deli 25% & Hot Food 15%. Business has been steadily increasing due to 2 new grills, deep fryer, & a new deli casing added within the past year. New owner should offer more hot food items which should increase profits. The store offers several Addt’l services; OTHER INCOME: Lottery 11k, Money Transfers 3,300, ATM 840, & Bill Pay 1,080 = $16,220. FURNITURE, FIXTURES & EQUIPMENT of $35k included in sale. Owner recently got a new (10) year lease. New qualified tenant can get a similar lease situation. $26k added to payroll to account for the owners’ wages being replaced. Contact Seth Kain @ 201-317-4710 for Addt’l details.