Business Summary:
Extremely profitable and high sales growth company which designs,engineers,and manufactures aircraft seating components such as headrests, footrests and armrests. These are then integrated into new airplane construction seating and air plane refurbishment. Company products are utilized in most national and international airlines. Manufactured parts are produced by Asian subcontractors (50%) and by domestic subcontractors (50%). Design, engineering testing, and assembling of components is done at the corporate office in Los Angeles. Company's leverages its expertise in designing and developing customer prototypes into project orders. Company has 7 proprietary utility patents with 2 patents pending giving it a strong competitive edge. . Company is ISO compliant. Company has $3.5mm in projected orders through 2009. Inventory is $225,000.
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| Year
Business was Established: 1999 |
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| Number of Employees:
10 |
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| Facilities / Terms of Lease:
4,600 square feet assembling, office, engineering, design, and warehouse in Los Angeles county. Rent $3,645. |
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| Potential
Growth/Expansion:
Company is turning down design projects due to employee and capital limitations. With a capital/employee infusion sales will increase greatly. Also, with the additon of a marketing director, company believes it can attract business which it is unable to solict at the present. |
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| Owner
willing to finance:
Owner will finance 10% of selling price. |
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| Owner
willing to train:
Minimum of 4 weeks at 40 hours a week. Owner is willing to continue to remain with company on a long term basis. |
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| Reason for selling:
Owner believes to take the company to the next step, it needs additional captial |
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Seller Reference Number: KBB296
BusinessMart.com Listing Number: 42192 |
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