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Audio - Record Player Manufacturer For Sale
Location: United States -> Connecticut -> Guilford
Industry: Manufacturing > Computers and Electronic Equipment Manufacturing




Business Summary

Company up for sale is MSR, a hi end record player manufacturing company. Limited time and resources have prevented me from persuing the project as well as the death of one of my partners. Buyer will recieve tooling, fixturing, test equipment, $40k in parts inventory, blue prints in hard copy and digital format and all things needed for a turnkey operation. Positive reviews in magazines and ezines. The Merrill Heirloom was a well regarded name in Hi End Audio with the first uses of plastics and other items common in turntable manfacturing today. The MSR brand is a redesign and update of the tables. Stereophile A list for 5 years, products shown at CES shows in Vegas. Advertising, packaging is in place, what you will need to find are reliable venders to reproduce machined parts, etc. I have made my investment back ($150k) + 3 times the amount since partnering with George Merrill and starting this in 2000. Customer care has been a priority and I have found limited time with a day job to answer emails, phone calls and all other inquiries. It is a very intensive industry to be in. There is also an established URL (merrillscillia). I am selling this because I do not want to see the accomplishment and brand fade away. Offers other than asking price will be considered. Asking price is $50000 USD. Fair asking price, basicly you are paying for the rights to the design and build plans. All other items are just a bonus. There will be some stipulations to the sale which will be delt with by an attorney. Prospective buyer will recieve support through the transition. For the right person with skills and motivation, and proper advertising you could make a very good living from this, if nothing else than to own a very old respected brand. Good luck and looking forward to speaking with any potential buyer.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $150,000
Cash Flow:   $75,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $40,000
Seller Financing:  No

About The Business

Year Established:  2000
Number of Employees:  1 - 3
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Owned

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Lack of time and resources for the commitment that this business needs to flourish




Print Listing Id: 700176305
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Also See: Franchise Opportunities > Franchise Resales > Connecticut Businesses For Sale > Connecticut Franchises For Sale > Connecticut Business Brokers



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