Electronic Assembly Services

BUSINESS:                           Electronic Assembly Services located in the suburbs of the Twin Cities. This company was established in 1992. The company provides many services, which include, printed circuit board assemblies (single and double sided and multi-layered boards, both SMT and Thru-Hole assemblies, controlled and differential impedance boards, box build, panel assemblies and test fixtures, high pitch BGA layouts and development of PCBs with high current/voltage. 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 and solid clients. The electronics industry is predicted to increase due to China/shipping issues. They serve Agriculture, Aviation, Electronics, Food, Healthcare, Military and more. Daily responsibilities of the owner include sales & marketing, 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 $2,910.00 plus utilities. The seller feels that this facility could double in sales without increasing the sq. ft. or equipment. Lease expires July 31, 2022, with an option to extend.

EMPLOYEES:                      The business has a staff of two part-time employees (both do assembly work).

REVENUE:                           Revenue in 2021 was approx. $103,850, 2020 was $75,360, 2019 was $130,355, 2018 was $199,329.

ASKING PRICE:                  The asking price for the business is $110,000. Included in the price but not limited to are the furniture, fixtures, and equipment (value of approximately $107,000). Long term Client List, Website, Goodwill and Business Name.                           Inventory which is valued at $5,000 (at cost) is included as well.

REASON FOR SALE:          Family, seller will provide the necessary training to insure a smooth transition.

 

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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 identify 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 30 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 30 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.