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    Experienced Manufacturer of Patented Technology

    Description

    L#20230571

    From its headquarters in California, the company specializes in designing, engineering, manufacturing, and distributing a range of standard and custom card readers for use in niche electronic equipment. The plastic-based body blueprint and circuit settings enable the use of single electronic board types across various reader series. The accompanying reader magnetic head assembly is designed to fit universally on all variations. The system can be configured for two card detect options—direct optical or mechanical sensing. Data decoding is performed by embedded controllers relying on a proprietary algorithm, reprogrammable to customer specifications.

    As the owner is actively involved in leadership duties, supplier relationships, and engineering specs for in-house designed products, it is ideal for the buyer to bring an engineer in place to absorb knowledge during the transition. In addition to maintaining an active website, engaging with engineers, and benefiting from referrals from a recurring clientele, the seller employs direct mail advertising and participates in Yearly Global Expositions (G2E, etc.) to expand industry networking.

    Despite a dip in financials after the 2020 pandemic, the business is debt-free and projects sales of $1.8 million for 2023. Revenues last year totaled $1,414,687, alongside discretionary earnings of $249,341 and EBITDA of $172,345. With local and international outreach spanning two decades, receivables and work in progress can be negotiated at the sale, making this company a valuable addition to take an existing business to the next level.

    The property utilizes approximately half of a 2,100 square foot shop for inventory and some equipment. This business has a solid foundation and presents opportunities for expansion.

    Basic Details

    Target Price:

    $1,100,000

    Gross Revenue

    $1,414,687

    EBITDA

    $249,341

    Inventory

    $339,916

    Business ID:

    L#20230571

    Country

    United States

    State:

    United States

    Detail

    Business ID:L#20230571
    Property Type:Electronics/Computer
    Property Status:For Sale
    Target Price: $1,100,000
    Gross Revenue:$1,414,687
    EBITDA:$249,341
    Target Price / Revenue:0.78x
    Target Price / EBITDA:4.41x
    Inventory:$339,916
    Real Estate:Leased.
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      From its headquarters in California, the company specializes in designing, engineering, manufacturing, and distributing a range of standard and custom card readers for use in niche electronic equipment. The plastic-based body blueprint and circuit settings enable the use of single electronic board types across various reader series. The accompanying reader magnetic head assembly is designed to fit universally on all variations. The system can be configured for two card detect options—direct optical or mechanical sensing. Data decoding is performed by embedded controllers relying on a proprietary algorithm, reprogrammable to customer specifications.

      As the owner is actively involved in leadership duties, supplier relationships, and engineering specs for in-house designed products, it is ideal for the buyer to bring an engineer in place to absorb knowledge during the transition. In addition to maintaining an active website, engaging with engineers, and benefiting from referrals from a recurring clientele, the seller employs direct mail advertising and participates in Yearly Global Expositions (G2E, etc.) to expand industry networking.

      Despite a dip in financials after the 2020 pandemic, the business is debt-free and projects sales of $1.8 million for 2023. Revenues last year totaled $1,414,687, alongside discretionary earnings of $249,341 and EBITDA of $172,345. With local and international outreach spanning two decades, receivables and work in progress can be negotiated at the sale, making this company a valuable addition to take an existing business to the next level.

      The property utilizes approximately half of a 2,100 square foot shop for inventory and some equipment. This business has a solid foundation and presents opportunities for expansion.

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