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Technical Engineering Company

South East

Seller Financing Available
Technical Engineering Company
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $1,900,000

EBITDA: $170,000

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1992

Technical Engineering Company

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Business Description

Founded in 1992, the firm is a technical engineering company providing solutions and support for the U.S. Navy and industry with its unique knowledge of undersea acoustics in complex marine environments. The Company’s state-of- the-art technology is ideally suited to support autonomous operations for unmanned maritime systems. As a leader in autonomous sensor technology, the company’s technology has been developed and deployed in support of the United States Navy’s autonomous Anti-Submarine Warfare (ASW) and mining operations. The company’s technology is employed on unmanned undersea vehicles (UUVs) for improved situational awareness, deterring collisions and enemy detection. The company’s automated technology also supports marine mammal mitigation, abundance and density estimates as well as the distribution of marine mammals in the world’s oceans.

Detailed Information

Real Estate:
Owned
Building SF:
8,000
Employees:
11
Facilities:
The facility is owned by the shareholder and is leased below the estimated fair market rental rate. The current facilities can accommodate significantly higher revenues without major facility improvements or capital equipment expenditures.
Competition:
Proprietary Product Technology: The Company holds the Small Business Innovation Research (SBIR) data rights on all technology that is developed for the United States Navy.
Growth & Expansion:
Outstanding Growth Opportunities: There exist several opportunities for The Company to significantly increase revenue and profit, including leveraging the Company’s proven reputation to pursue and penetrate new and existing markets. These opportunities are easily attainable given the appropriate investments in capital and human resources. Backlog of Signed Contracts: The Company’s backlog is estimated to be $1.5 million. More importantly, The Company has been awarded eight Small Business Innovative Research (SBIR) contracts across several technology areas with values up to 25 million dollars per contract without having to be completed. As noted, the Company maintains the SBIR data rights to these technologies which are transferable under an acquisition.
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(from currently available funds)
 
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Barry DeWitt

Business Listed By:
Barry DeWitt

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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