Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Sold. Outdoor/exterior Lighting Products Manufacturer

LISTING DETAILS
Firms For Sale ID:
32700
Vendor reference:
3413
Vendor website:
     
Printer Friendly
      
Contact Seller
      
Goto Website
More Like This
      
Email Search
      
Add Notes
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
Undisclosed  
Turnover / revenue:
$631,874
Net profit / cashflow:
Undisclosed
Years established:
49
Number of employees:
10

OTHER DETAILS
Reason for selling:
Diversification of owners’ personal financial interests, retirement planning, and superior sales growth desired through strategic partnering.
Support and training:
Current owners are willing to stay to promote a smooth transition to new ownership
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
Image Not Found
BUSINESS DESCRIPTION
This Business for sale is a successful manufacturer of industrial and commercial outdoor/exterior lighting products. With a history exceeding 48 years, the Company is exceptionally well-known and well-respected for providing only the highest quality lighting products to commercial, industrial, and U.S. Government enterprises. This Company’s products are used for street lighting, area lighting, security lighting, landscape lighting, volleyball court lighting, basketball court lighting, tennis court lighting, parking lots, parking garages, and for almost any other outdoor lighting application. Interior warehouse and factory lighting applications also benefit from this Company’s technology. The Company is projected to post $825,000 in revenue for calendar year 2013, with growth estimated near 10 percent compounded annually over the next five years. It maintains a well organized website that provides a wealth of information on the Company’s rich history, its outstanding product lines, and the depth of its manufacturing expertise.

Expansion Potential
The Company is well positioned to capitalize on the positive growth forecasts for its industry. The Company’s strong customer relationships and its excellent reputation for offering only the highest quality lighting products provide a firm foundation for future growth opportunities. Future growth for the Company will most likely be driven by diversifying product offerings and expanding the Company’s operating base. The Company has a successful core business model in place, with all the equipment necessary for a well organized expansion. Management envisions the following opportunities for future growth:
• Line Expansion – Company management continues to investigate new products and services for its customers to increase sales volume.
• Increased Marketing Efforts – The Company’s sales and marketing efforts historically have been relatively modest. This area provides an outstanding opportunity for new ownership to accelerate growth over a very short period. According to management, new investments to marketing and a refocused sales force would immediately accelerate sales growth.
• Geographic Expansion - Significant opportunities for increased sales initiatives outside of the Company’s current operating space are available. Management has indicated that even a limited expansion could grow sales dramatically.
• LED Lighting - This Company is currently developing and testing new and retrofit uses for LED Lighting.