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MANUFACTURER & DESIGN/ OF ELECTRICAL CONTROL PANELS

Founded in 1987 this high profit niche business is primarily a systems integration, engineering and assembler of electrical control panels. The company’s expertise includes providing a wide variety of electro-mechanical engineering skills required by the Pump Industry along with designing standard and custom panels plus programing PLC,VFD’s and HMI. Typical applications include Process and Control panels for industrial and commercial applications for Potable Water and Wastewater Pumping systems, Central Medical Air Compressors and Vacuum Systems, Data Centers Fuel Oil Transfer Systems, Industrial Grinder, Shredder Control, Rain Water Harvesting, Irrigation Control/various process Alarm Panels, Cooling Tower make-up and Filtration Control, Roof Tank and Fire Reserve Tank Fill and Level Control. The company has approx. 75 accounts with approx. 25 active in any one year. The company’s 2500+ drawings and software development are proprietary. Sales are highly repetitive and generated as a result of the company’s strong reputation for high quality products, competitive pricing and on time delivery. There are no sales reps or marketing programs of any type. The company employs six full time staff including the Owner, a Chief Engineer and System Designer, One Bookkeeper, one Administrative Assistant plus an Assembly Foreman and Assembly Assistant. The company occupies approximately 2500 SF. of office and warehouse space separately owned with flexible lease term available. Owner wishes to retire but is available for a transition of up to One Year.

Revenue:  1700000
Cash Flow:  950000
Years Established:  32
Training and Support:  Yes.
Number of Employees:  6
Seller Financing:  Possibly
Reason for Selling:  Other investments and retirement.