Business Description
This company is located in Colorado Springs, Colorado. They are a highly-reputable company performing work for both smaller and larger companies like Texas Instruments since 1988. This is a very unique opportunity as the owner is retiring. The owners have built a company with a great reputation and high integrity and have provided excellent service to their customers. They employ only the highest-trained employees in the industry whose goal is to make this the best quartz fabricating company in the country. The owner is older and has been running the company without any extensive business background but has been successful. The company needs some “new blood” ie; a new owner to take charge of administration and operations and take the company to the next level. They have a sales person who has been there for many years but has to spend a portion of his time helping to manage the plant. All the equipment is in place for this company to increase sales up to several million dollars annually. A full-time sales person could be very instrumental in this endeavor.
The company leases its 18,6000 square foot facility from the owner and it is to be sold along with the business. Orders are coming in on an accelerated basis as the microchip industry is growing. The new AI industry is poised to have substantial growth during the next few years which should mean a substantial increase in orders. $5 million sales annually is not beyond reason. The sales/order backlog as of the date of this listing is $2.8 million which will allow a new owner to get off to a great start. The company is constantly bidding for new projects.
Detailed Information
Location: Colorado Springs, CO
Inventory:Not included in asking price
Real Estate:Owned – Not included in asking price
Building SF:18,600 Employees: 20
Furniture, Fixtures, & Equipment (FF&E):Included in asking price
Facilities:
The company operates out of an 18,000 + square foot building. All equipment is in working order and some have been upgraded during the past several months.
Growth & Expansion: A new additional contract is available which could bring in substantial revenues to the company. It will require additional investment in new equipment but should pay for the investment many times over.
Support & Training: 30 days plus additional time by telephone or internet
Financing: Seller will finance the inventory
Reason for Selling: Retirement