The Company manufactures a proprietary line of industrial test equipment and science & education products that are sold through direct and select distribution channels. The long established niche products are sold to pharmaceutical companies, testing laboratories and industrial coatings labs and manufacturers. Science and educational products are increasingly being purchased internationally in the expanding global market. An in-house engineering and technical staff offers customized solutions for both domestic and international customers.
While products are sold through established distribution channels, the company has relied on this form of marketing for new business and very little has been done in recent years to develop new accounts. The opportunity to bring in new business for the company’s existing, high quality products could be substantial in the growing market segments already served.
This opportunity is expected to be an excellent add-on for a manufacturer already in a similar market and for the individual with a business and marketing background.
The owner will be available for a customary or extended smooth transition.
All the furniture, fixtures and equipment used in the business will be included in the sale free and clear of all liens. A list of major items is included in the full profile on this Company.
Also included in the price will be net working capital of $323,299. Net working capital is defined as accounts receivable and inventory less accounts payable.
Accounts Receivable: $89,205
Accounts Payable: $47,502
Net Working Capital: $323,299
At the closing, should the net working capital figure differ from the agreed upon amount, there will be a corresponding adjustment in the purchase price. Cash in the bank is specifically excluded from this sale and will be retained by the seller.
10,000 Square Feet for sale or lease.