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50 Year Temperature & Pressure Instrument Manufacturer & Testing Lab

Cincinnati, OH (Hamilton County)

50 Year Temperature & Pressure Instrument Manufacturer & Testing Lab
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Asking Price: $464,000

Cash Flow: $154,000

Gross Revenue: $616,000

EBITDA: $154,000

FF&E: $150,000

Inventory: N/A

Rent: $0.00

Established: 1969

50 Year Temperature & Pressure Instrument Manufacturer & Testing Lab

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Business Description

Long term and great employees

The retirement aged owner of this company has made it his goal to be well – known and acknowledged for his company’s 50 years of experience and superior problem – solving ability. With over 250 active customers in its database, this company’s loyal customers include Procter & Gamble, OPW, US Navy, Marathon Petroleum, Tyson Food, Miller Brewing, and BASF. In addition, to manufacturing its products, the company also does certification, reselling, and repairing of pressure & temperature/instruments. The owner will train in all aspects of the business and will be available to ensure a smooth transition. This business is offered as an asset purchase, free and clear of debt. Highlights include:

SBA loan qualified
ISO 17025 Laboratory
Price includes equipment valued at $150,000
No accounts receivable issues – top customers
Very long - term employees in place – over 66 years
Clean books and records – all numbers are verifiable
All parts, products, and costing in company software
Much room for growth with current space and employees
Real estate is available to purchase – 5,400 square foot facility

Detailed Information

Location:
Cincinnati, OH
Real Estate:
Leased
Building SF:
5,400
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The facility has the space, equipment, and trained manpower to build anything. In addition, the building is available to purchase.
Competition:
Although there are many possible competitors, they have been able to effectively compete by targeting its services directly to its loyal customer base, keeping prices competitive, offering superior service to accounts, and building additional business through its excellent reputation and resultant referrals.
Growth & Expansion:
Their laboratory just completed re – accreditation under the new ISO Standard. The products they offer and their industrial relationship have allowed them to continue to grow.
Support & Training:
The owner will train in all aspects of the business and will be available to ensure a smooth transition.
Reason for Selling:
The owner is of retirement age.
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Dan Long

Business Listed By:
Dan Long

Cincinnati Business Brokers

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