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Residential Lighting Mfgr & Importer with Niche

This company was founded by the current owner many decades ago. They specialize in a certain segment of the residential lighting industry. Many of the products are imported from Europe and Asia and then assembled in the US. Sales for the company were about $6 Million with about 10% cash flow before the recession. Sales are now half or less and cash flow is marginal. They have almost $2 Million of inventory and $1 Million of external debt. The company has no sales and marketing expertise at hand and is in need of this currently. Much of this was done by the owner who has semi-retired. There is no formal asking price and the owner is receptive to all fair and reasonable offers. They realize most of the transaction will be an asset sale with much of any good will coming in the form of an earn-out. For additional information, contact us.