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Ergonomic Technology Company
Location: United States -> New Hampshire -> Hillsborough County
Industry: Manufacturing > Furniture Manufacturing




Business Summary

Ergonomic technology company interested in selling a controlling interest in itself to an investor with experience in getting companies from under ten million to $30 to $50 million in revenue. Company has developed an innovated and patent pending software component that gives it a lead in the industry.

Company's focus is the business to business furniture market with specialization in ergonomic technology (hardware and software). Customers include many Fortune 500 companies, large hospital networks and universities.

Company has been named to the Inc. 5000 for the past two years and continues substantial growth with expected revenues of $5.5 million and net income of over $1 million in 2018. Revenues for Q1/2 2018 were $3 million with net income of $600,000. Sales in 2017 were just over $3 million.

Experienced management in place that will stay on if desired.

Buyer should have previous experience in the sector or related sectors such as wellness, commercial real estate and business services dealing with Fortune 500 companies.


Financials

Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   $935,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $24,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1985
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Seller wishes to stay on as part of executive team
Reason For Selling:  Grow the business

Photos

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Ergonomic Technology Company Photo 1




Print Listing Id: 700322391
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