Business For Sale Listing #BFS-157771:
Mfg. Patented Optical Coatings
Industry
Location
Financials
| Sales: |
Between $2.5 Million And $5 Million ($3,000,000.) |
| Profits: |
Between $1 Million and $2.5 Million ($1,200,000.) |
| Profit Type: |
Earnings Before Interest, Taxes & Depreciation (EBITDA) |
| Fiscal Year: |
December |
| Asking Price: |
Between $5 Million and $7.5 Million |
Business Summary
This high profit niche business is a leader in developing and marketing hydrophilic coatings in the US and internationally. Their coatings technology features abrasion resistance, long term anti-fog functioning, thermoformability and various combinations of the above. The technology is described and protected by US and foreign counterpart patents.
A large industrial manufacturer has licensed a specific application of the technology which generates substantial sales and royalties to the Company. Established and potential uses of the company's technology include coatings for visors and goggles used for eye protection on sport and worker safety products, as well as military eyewear. Other markets include treated film for commercial freezer doors (which result in substantial energy savings for the store), architectural and automotive glazing, gauge and instrument covers, polarizers, and medical products.
Approximately half of total company sales are to customers in Asia through direct sales in some areas, and through distribution agreements with representatives in Japan, China, Korea, and Taiwan. Sales to Europe account for an additional 22% of current business. Most of the Asian sales are to contract coaters of various types of eyewear. The swim goggles, motorcycle visors and worker safety goggles, etc, produced with the Company's products are then exported to North America and Europe.
The company leases 9000 sq ft in a suburban office park which includes executive offices, laboratory and warehouse space. Staff consists of two principals plus a management team that includes a Business Development Manager, Senior Chemist, Technical Service and Production Managers and customer service personnel. The owners wish to retire but are available for a lengthy transition period.
