Sold
37275 - Replacement Parts for Military Aviation Instrument
Mfg. distribution company in VA easily relocated specializes in proprietary parts and OEM lighting panels for military aircraft or private aviation. Primary end user US DOD provides recurring multiyear purchase orders in need of replacement parts. Also sold to independent national or global distributors approved by US Govt. for resale of products to private aviation or NATO Friendly Foreign Military. Holds highest DOD Quality Assurance Rating 100%. Unique niche business for New Owner to continue success and grow across other industries. Well established reputation over 68 Years is testament to production quality. Owner seeks to retire but will continue for 6 month transition included for training in operations and industry contacts. New Owner could capitalize by maintaining and expanding on successful operation which supplies critical replacement parts to US Military. It is hands on owner operated managed and run by Sole Owner with full control of production quality and customer service. It could remain so or be grown to multi personnel operation. It has inherent value in established historic presence of company name and Cage Code which identifies company in US DOD system, as well as underlying value in future potential of this technology for creatively motivated management team with insight into alternative product applications. Entrepreneurial growth potential is integral for untapped utilization. Various equipment based industries may benefit from products: Auto; Trucking; Rail; Marine; Construction; Factory Machines; and other types of equipment instrumentation which may need lighting for night operation. Extensive inventory of parts over runs produced after order fulfillment is much more efficient and cost effective than repeat set up for reruns of commonly ordered parts. Various small accessory items purchased and resold at extremely high mark up which enhances business profit margin.
Listed By: Charles Olson
Background information
Seller Number:
37275
Year established:
1952
Reason selling:
Approaching retirement and/or pursuing other opportunities.
Finance
Sales:
$101,000
Profits:
$50,000
Profit type:
Discretionary Earnings
Premises
Facility:
Optional
Location:
There is around 16,000 sq ft of building space on over approximately one acre of commercial land. The business utilizes just 5,000 sq ft. The downstairs is for manufacturing while the upstairs contains a couple of offices and inventory storage. The property is available for lease only.
Price and terms
Price:
$249,000
Financing:
Yes
Owner Transition:
This business is fully operated by the two owners. Occasionally they hire part-time employees if needed. The owners will be available for a transitioning up to one year. Included in Asking Price is 6 Months Salary for Transitional Training Period by Selle