SOLD! Electronic Assembly Services

Electronic Assembly Services located in the suburbs of the Twin Cities. This company was established by the current owner in 1992. The company provides many services, which include, printed circuit board assemblies, thru-hole assemblies, surface mount assemblies, box build assembles (build the circuit board). They also do turn- key, which is when they buy all the materials and assemble. They offer kitted, in which case the customer supplies materials. The company enjoys a good reputation, solid clients, and the electronics industry it serves is booming including environmental, lighting and medical. Daily responsibilities of the owner include sales, purchasing, accounting and involvement with engineering decisions from time to time. This company is perfect for anyone looking to own a small business with endless potential.

FACILITIES: 4,200 sq. ft. leased space. Rent is $2,690.00 plus utilities. The seller feels that this facility could double in sales without increasing the sq. ft. or equipment. Lease expires April 1, 2021 with an option to extend.

EMPLOYEES: The business has a staff of a 1 long term full-time employee with owner working part-time.

REVENUE: Revenue in 2019 was $130,355, 2018 was $199,329 and 2017 was $155,167.

ASKING PRICE: The asking price for the business is $69,000. Included in the price but not limited to are the furniture, fixtures and equipment (value of approximately $75,000). Long term Client List, Website, Goodwill and Business Name. Inventory which is valued at $3,000 (at cost) is not included.

REASON FOR SALE: Retirement. Seller is in his 70’s and is tired. He will provide the necessary training to insure a smooth transition.

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Bill Kraemer

About Bill Kraemer

Bill Kraemer brings a unique skill set to the business broker arena. As a former business owner himself, Bill understands what it takes to develop, build and successfully sell a business for maximum value. He has the unparalleled ability to indentify individual strengths and align buyers with the proper businesses. His passion, experience and honest approach give him the ability to relate to business owners and their enterprises. Bill has over 28 years experience in the Minneapolis/St. Paul marketplace and has established a reputation as a trusted business advisor to clients and businesses alike. He specializes in buy/sell transactions spanning across manufacturing, distribution, franchises and service industries. Bill lives in Apple Valley with his wife of 28 years, Susan and their two children – Lauren and Nick. Bill loves spending time with family and friends and is an avid outdoorsman.

Contact the listing agent to learn more.