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Process Controller Manufacturer For Sale

Hartford, CT, USA
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Businesses For Sale | Other Manufacturing Businesses For Sale

Listing ID : 426532

Posted on January 6, 2024 View Count 4

Price :
Inquire for Price
Business Financials & Assets :
Gross Revenue:
$1,700,000
Cash Flow:
$375,000
Inventory Included:
Yes
Estimated Value of Inventory:
$200,000
Furniture, Fixtures & Equipment (FF&E) Included:
Yes
Estimated Value of FF&E:
$100,000
Property Details :
Business Details :
Facility & Tenant Improvements:
The 7,500 square foot industrial/office space rents for $4,700 per month. The lease extends through May 2024. About half of the space is open warehouse with offices around the perimeter.
Competition:
Three large multinational corporations are the most predominate competitors in the market that cannot compete with on price thanks to the greater flexibility in pricing. This flexibility also means the ability to offer more customization options to the customer. Other than lower price points, the Company offers great support & application-based solutions. Excellent support, outstanding products and digital marketing, have helped grow market share in since 2019.
Growth and Expansion Opportunities:
The Company is on track for gaining market share in a variety of categories of controllers, and with pipeline of new products on the horizon more opportunities will open up for the company. Additionally, the Company was been awarded various new projects. In the future, greater overhauls in various industries will be needed to accommodate greater automations. Many new opportunities that will originate with engineering department. The team will create fully integrated and engineered systems for end user to be a one stop shop for all their automation needs. Domestic and international oil and gas industry applications are still strong; natural gas pipelines require compression, measuring and refinery stations. There will be more opportunity in renewable energy, as the industry becomes more streamlined. To ensure long-range goals are reached, the Seller recommends the Buyer focus on making R&D investments, keep new product pipelines growing, and increase spending in the sales & marketing departments.
Terms :
NDA Required:
Yes
Support & Training Offered:
To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed for three months, and longer as a paid part-time consultant, as negotiated.
Reason for Selling:
The Seller’s business model is to seek struggling operations with history, value and potential, save them from closure and make them profitable again. He has a 15-year history of successfully turning businesses around. In this case, the Company has been restructured, operational efficiencies established, new products and sales avenues launched and is fiscally back on the road to long range profitability.
Equipment Specifications :
Company Overview :
Franchise Overview :
Description :

The business manufactures and maintains process controllers servicing the water/wastewater, industrial, and institutional markets. Products are used in critical process applications globally. The Company has been through several incarnations since the late 1800’s and into the 1900’s when early models of process controllers were invented. The products have a long history of innovative successes, large customer base and untapped potential.

The current owner, an industry-insider, knew what needed to be done, reduced manpower redundancy, but saved jobs and inspired innovation once again. The value-add potential seen in restructuring; reducing overhead, implementing operational efficiencies and improvements resulted in increased bottom-line profitability and the business’ gross margin. NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

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