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Industrial Design, Product Development
Location Illinois,United States
Asking Price Range $500K - $1.0M
Gross Revenues $313803
Net Profit / Cash Flow $147699
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1985
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Training Owner will train the buyer for 4 weeks at no cost.
Reason for Sale Not disclosed.
Description This listing is for an industrial design, product development, innovation and consulting firm located in the Chicago area that is available to a qualified buyer. The business specializes in developing new products for companies in a myriad of fields. They have over 25 years of experience and have worked on the design and development of over 1000 products and systems during that time for a wide range of industries. This business works with everyone from "Fortune 500" companies to start-ups. Some of the companies they've performed work for include: Intel, Motorola, Whirlpool, Schwinn, Sunbeam, Medline, Omron, Sports Instruments, Bell, Abbott Labs, Medtronic, Arris, Werner, Georgia-Pacific, Shure and many more. This company prides itself on being experts in the process of new product development, detailed design development and assisting their clients in guiding the product and/or system into production and implementation. This business has an outstanding reputation in their marketplace and they work with both domestic businesses and have a great deal of experience working with manufacturers in Asia and Europe as well. They also been awarded with 51 design and utility patents and they are a member of the Industrial Designers Society of America, a national professional organization and have certified LSP training. This company has a large base of customers and has established a large network of specialty resources with strategic partners for technical expertise and prototyping. Asking Price: $750,000. Contact the agent at 770-886-5100.
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