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Manufacturer Fire Alarms & Door Lock
Location California,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $2327121
Net Profit / Cash Flow $683000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1973
Number of Employees 20 - 34
Inventory 611000
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training Seller will train.
Reason for Sale Other ventures.
Description Owners Expect 10%-15% Increase in 2008 Sales-New Products Developed With Commitments from Existing Customers
Thirty-five year established, profitable, manufacturer in the fire safety business is a primary supplier for commercial buildings of fire alarm manual pull stations and electromagnetic door holders in the USA and Canada. All products made in the USA. All products are UL, ULC, MEA, FM and Fire Marshal approved. They have patents and patents pending.
The owners say that their products line is known in the industry to be of the highest quality and provides the most innovative features. They have a long-term talented chief engineer on staff.
Their customers are a broad base of large national OEM?s and Distributors. Nine customers represent 44% of their business, with the largest representing about 12%. They also do private label products. They have developed new products for an existing Fortune 500 customer for a new Canadian market and have commitments that along with other expected new sales, the owners believe 2008 sales will be increased 10% to 15% over 2007.
The business is located in a light industrial area on 1 acre in southern Los Angeles County. They manufacture, assemble, and ship from their plant. The buildings and land are available separately. Lease or buy the property. Their operation is a modern, well-equipped sheet metal, machine and paint shops with a separate administrative building.
They have 21 full-time employees including one owner who is the General Manager and handles the accounting and would be willing to stay on. Other key employees are long-term. The business is family owned and 2 of the other partners have other ventures to pursue.
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