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Listed by:

Ace Business Brokers

Broker license number: 01820673

Testing Industry Calibrating A Profitable Future For Sale

Detroit, Michigan, US
Asking Price:
$2,000,000
Sales Revenue:
$815,000
Cash Flow:
$45,000

Confidential Information Memorandum (CIM) available upon receipt of our short online NDA - visit here: https://pronovapartners.com/engagement/fortune-500-client-calibration-and-testing-business-for-sale/

This respected, sixteen-year-old Company services the testing needs for Fortune 500 companies as a tier one supplier and is an ISO/IEC 17025-2005 A2LA accredited laboratory. The Company provides a group of services such as ISO calibration on new and existing test equipment, offers equipment upgrades and builds new equipment. Being a one-stop-shop truly sets them apart when serving the automotive, medical, civil, and aerospace industries.

The Company is certified to perform calibrations for Servo Hydraulic test equipment, Dynamometer systems, Shore Western Equipment and other controllers. In addition to providing services, they also calibrate MTS & Instron (Schenk-Pegasus) machinery, Roerig, MOOG-FCS and Shore Western test systems.

As business grows for highly technical skills and engineering services, it’s time to look at financial options to keep up with demand and prepare to fully capitalize on the future.

Our client is open to a complete buy-out or a strategic equity investor to provide limited funding so this respected business can better serve its Fortune 500 clients and claim market share.

Agreeable terms may include above-market interest rates over a short term, or convertible debt options so it can move quickly to fulfill the backlog of requisitions and expand alternative profit centers within its operations.

The testing industry founded on the principle that improperly maintained equipment can be costly in terms of time and money. Performing regular calibrations via established methods as part of an effective predictive maintenance strategy can help eliminate costly downtime or reruns; prevent quality control problems and reduce product recalls.

NDA is required {LINK ABOVE} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Property Information

Premises Details:

Facilities: No facilities. Workspace and lab are located in a building on a rural, commercial property.

Business Operation

Expansion Potential:

Recent hiring of salespeople and a project manager has shown the benefits of good processes, but a backlog is developing. The market for qualified and certified testing facilities grew substantially in 2019, and is expected to increase further by 2024. Expected growth will be generated by servicing testing equipment at new and expanded production lines within big industry. In understanding this demand, the Company has been able to create products that can compete head-to-head with any other testing provider while maintaining a branded service profile.

Competition / Market:

Major competitors are all large companies that work on large, lengthy projects. The market to develop small and medium projects is much greater and will allow for exponential growth. However, the client has long been able to out-compete and outclass any competing service provider in terms of looking beyond “quick fixes” and providing long-term solutions to the testing equipment industry.

Reasons for selling:

To afford the infrastructure needed to take the processes to the next level in both reputation and profitability.

Employees:
4
Years established:
6

Other Information

Support & training:

The Seller will work with a Buyer on an executive; engineering level to ensure future success.

Financing available:

TBD upon acceptable structure and terms.

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