Category:
10061 - High Tech
Location:
Northern California - Northern California
Business Description:
UPDATE-This is an "Essential Business" and has remained open during the Covid-19 lockdown. Some customers are in biomed industry and are also essential. This well established Northern California Industrial Optics Manufacturer specializes in custom high precision optical components and opto-mechanical assemblies. Seller would consider an extended transition period to assist the buyer. Seller says decline in sales for FY ending Sept 2019 is temporary due to some consolidation among customers and sales have pick up for this FY. Gross revenue for the first 7 months of this fiscal year are already over $1 mil. If trend continues, on target for $1.8 mil.
Inventory (included):
$135,000
12 Months Ended
9/30/2020
$1,805,094
(Sales)
$711,862
(Adjusted Cash Flow)
12 Months Ended
9/30/2019
$1,317,530
(Sales)
$345,490
(Adjusted Cash Flow)
12 Months Ended
9/30/2018
$1,759,866
(Sales)
$587,995
(Adjusted Cash Flow)
12 Months Ended
9/30/2017
$1,604,047
(Sales)
$487,025
(Adjusted Cash Flow)
| # of Employees | Full Time | Part Time |
| Non-Owners | 3 | 1 |
| Owners | 2 | 0 |
Hours of Operation
M-F 7:30 - 4:30
Licenses Required:
Monthly Rent Including NNN:
$11,600
Expires:
6/30/2025
Option:
For 5 years
Size(sq.ft.):
11,485
Type of Organization:
S Corp
Reason for Sale:
Retirement
Training:
4 weeks 20 hours
Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.