Santa Barbara County, CA Electronic and Electrical Equipment Manufacturers For Sale

Global Brand With Proven High Tech Solutions AgriculturalGLOBAL BRAND WITH PROVEN HIGH TECH SOLUTIONS FOR SUSTAINABLE AGRICULTURAL
$3,100,000 Cash Flow: $500,000
Global Brand With Proven High Tech Solutions AgriculturalGLOBAL BRAND WITH PROVEN HIGH TECH SOLUTIONS FOR SUSTAINABLE AGRICULTURAL

Goleta, CA

With a global reach operating from Southern California, the Company is a design engineering firm specializing in manufacturing its own brand of devices used for measuring and testing soil moisture, crop production, water management, and geological research. The Company operates from a well maintained and landscaped facility. Offering a diverse line of brand named products and services requires a 13,044-square foot facility to manufacture products, store material and equipment. The Company has a proven track-record, supported by 60+ years of ongoing business with its global customer base, network of dealers and client base including universities, government agencies, commercial Ag interests, agronomists and geologists. With its primary range of products involved in agronomic and scientific equipment & associated technologies, the Company’s marketing efforts focus on targeting worldwide educational institutions, government agencies, commercial farming operations such as Dole foods, and wholesale distributors, both nationally and internationally. Over the past five years, revenues have decreased 3% annually, due to a significant downturn in global economic conditions, which have resulted in declining orders from its substantial international dealer network. The Company is moving away from its historical dependency on its international sales, focusing on domestic sales. It is also investing heavily in providing new products and technologies with wider applications to other markets to bolster its older standard line of products. Last year, the Company’s total revenues were $3,158,745 with an EBITDA of $404,000, rounded. With a large customer base and solid global and domestic reputation, the Company continues to attract new customers, widen its product offerings & technologies, while maintaining its reputation with existing ones.