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Manufacturing Business - Hearing Aid Device

Minnesota, United States
Asking Price$300k
Revenue$287k
EBITDA-
Cash Flow$130k
Description
Manufacturing company that has been established for 9+ years. This company produces a high-quality product that is used in the hearing health care industry. This product is used by audiologists, researchers, and pediatric clinics around the world. The company has developed relationships with major distributors of audiometric equipment in the US and worldwide. The business has very high margins. In addition, the business sells replacement parts. The owner is retiring and has owned the company since 2013. His responsibilities are sales/marketing, shipping, bookkeeping, and purchasing the inventory. The Seller has been marketing and promoting his product in Europe in the past few months and has orders coming in. Seller is willing to work with a new owner after the business is sold to insure a smooth transition. Hours of operation are 8:00a.m. – 5:00p.m. Monday – Friday. Seller works 20 hours a week
Real Estate
Leased
Business is
Relocatable
Number of EmployeesFull-Time: 3
Year Established
2013
Reason Selling
Retirement
Facilities & Assets
The business occupies about 1,500 square feet. The new owner has the option to stay in the current location (short or long term) or move to a new location. The business is not location dependent and can be easily relocated.
Asking Price$300k