SOLD! Electronic Assembly Services

BUSINESS:                           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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