Cutting edge industrial design and prototyping company for sale

This cutting-edge Company provides design prototyping development support and solutions to a wide variety of Fortune 500 clients by providing them with high quality model making services that give their designs the best opportunity for success. From traditional handcrafting techniques to utilizing state-of-the-art 3D processes, the Company strives to provide the most believable models for applications in conceptual studies, design validation, marketing samples, and engineering.
Key Strengths or Product Focus:
✓ Turnkey operation, consistently profitable, with tremendous upside potential
✓ Established, long-term, recurring revenue from S & P 500 clientele
✓ Excellent facility layout and location, near major highways (relocatable if needed) ✓ 10+ Long-term, experienced design engineering employees
Average Annual Sales past five (5) years $1,217,518
Average Annual Sellers Discretionary Earnings past five (5) years $200,123
FFE Included: Yes
Monthly Rent: $6,302
Type of Location: Leased
Square Footage: 10,750
Year Established: 1984
Days & Hours of Operation: Monday-Friday 8:00am-5:00pm, (After hours as needed for special projects)
Employees: 6+ Model Makers, 2 Administrative, 1 Maintenance Engineer
Lease Option: 1/31/2022
Facilities Information:
One location – Just minutes from 3 major Interstate Highways
10,750 Sq ft. (Design, Creation, Warehouse, Office Space)
Facility is currently leased with long-term lease option
Reason For Sale:
Seller Retiring (Owner willing to work through a 6-month transition period)
Training & Support:
The business currently has a team of highly trained and qualified individuals in place. The seller is willing to stay on for 6 months to allow for a smooth transition.
Historical Summary:
Same owner since inception 1984
Reputation for quality concepts & design
Competition:
There are three main competitors in the design and modeling space in Cincinnati, Ohio. Their top competitor has a material presence in the Cincinnati area. The business provides color exploration services and specializes in custom finishing. However, they do not complete models from start to finish. Their second largest competitor specializes in 3D printing, but is not a traditional model maker. They also compete with a full process model maker. Of the competitors listed, this is the most comparable business.
Potential Growth:
Key Strengths or Product Focus: - Turnkey operation, consistently profitable, with tremendous upside potential - Established, long-term, recurring revenue from S & P 500 clientele - Excellent facility layout and location, near major highways (relocatable) - 10+ Long-term, experienced design engineering employees

Total Sales: $791,900

Cash Flow: $200,123

FFE: $367,450