BUSINESS DETAILS
Location:
Primary sector:
Asking price:
Undisclosed
Turnover / revenue:
$5,400,000
Net profit / cashflow:
$1,180,000
Years established:
9
Number of employees:
15
OTHER DETAILS
Reason for selling:
While the principals recognize that company is well positioned for growth, new ownership with greater capital and human resources may be better suited to take advantage of exciting growth opportunities.
Support and training:
At the request of the purchaser, the principals will be available on a consulting basis to assist in the ownership and management transition.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
BUSINESS DESCRIPTION
The business is an industry-leading designer and manufacturer of professional virtual reality (VR) displays that allow users to visually explore and interact with simulated 3D environments. The Company Designs and manufactures display products used in high-fidelity visual training and simulation systems for military and industrial applications. Worldwide users and customers for these immersive display products include all branches of the military, prime contractors like EADS, Boeing and Lockheed, automotive OEMs and universities. Exports represent about 30% of their sales. Their combination of product performance, responsiveness to unique customer requirements and ongoing product support within this niche market has positioned the business for significant growth. Owners will remain on as needed in order to grow the business to the next level.
Market / Competition / Non-Competition Agreements
The Company operates in a fairly competitive and fragmented industry. Within this competitive landscape, the Company has been able to effectively differentiate itself on a number of fronts: its proven product line and technologies, knowledge of the military VR market, and most importantly, a staunch focus on customer service and support.