Listing Number: 2401-949531
OEM of Small Currency Counting Equipment Manufactured and Distributed outside of the US. It’s a Florida corporation stablished over 35 years ago with registered Trademark. It's still a family business currently operating from Southern CA. It enjoys a very strong brand and reputation for excellent service and partner relationships.
Product is manufactured in several Asian Countries including, China, Japan, So.Korea. Approximately 70 distributors are world - wide - just not US&C. There is a sister company, a start up that serves US&C and may be available as additional operation. There is no inventory and distributors generally pay upfront.
6 Full Time employees in So. CA, Florida and Las Vegas with tenure to 15 years could transfer and two in leadership positions could assume responsibilities between them to replace the exiting CEO following a 3 month transition and advisory/consulting support to 1 year.
An office condo with 4 office spaces in Tustin, CA is also available for $440,000. Employees have been working remotely due to Covid. Covid hurt the top line year over year significantly – as did the temporary loss of a major distributor but it’s expected to improve in 2021 going forward.
Books are clean. 2020 Revenue was $4,608,536. SDE $432,414. Up to 40% seller financing offered over 60 months. Asking $2,199,580.
- Price: $2,199,580
- Down Payment: $1,319,748
- Sellers Discretionary Earnings: $432,414
- Total Sales: $4,608,536
- Inventory: $0
- FF&E: $5,000
- Employees: 6
- Year Established: 1990
- Reason for Selling: other interests
- Category: Manufacturing