Custom Engineering & Fabrication Services

Morristown, NJ
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Cash Flow:$310,000
Established Year:1985
Gross Revenue:$950,000
BUSINESS DESCRIPTION

Established in 1985, this company is proven leader in the design and manufacture of automated test equipment, data acquisition, and industrial controls with an excellent reputation and track record of providing cost-effective custom engineering expertise and fabrication services. Core competencies include NI LabView programing, spec-driven design of automated test systems, build-to-print fabrication of electronic and assemblies, custom layout and packaging design, system integration and testing, data acquisition, PLC programming, plus embedded real-time controls. Approximately 50% of sales are generated from automated test systems, 25% from custom test equipment (design and build) and 25% from test equipment supplies. There are approximately 10 long term and repetitive premiere industrial and military accounts with 4 -5 active in any one year. Total staff of 5 full-time including the owner: 4 engineers and 1 assembly technician plus an additional P/T administrative employee. The leased office and warehouse consist of 3,500 SF of executive office space plus shop and stockroom. Owner wishes to retire and is available for a transition period of 1 to 2 years.


DETAILED INFORMATION
Location
Morristown, NJ
Inventory
Not Included in asking price
Real Estate
Leased
Employees
5
Facilities
The leased office and warehouse consist of 3,500 SF of executive office space plus shop and stockroom.
Support & Training
Will provide necessary training
Reason for Selling
Retirement
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Frederick B. Collins
Fidcol Corporate Services Inc.
Frederick B. Collins