Business Description

There is incredible growth opportunity for this specialty niche company with over 20 years of experience. They manufacture vending machine control panels that have applications which range from coin-op laundry machines to vending access controls to vending for electric vehicle charging stations, and many other applications. They have a small manufacturing facility in Florida where they build these cashless payment stations.

In their 20 years of business they have perfected their process but they keep evolving to meet customers needs. The current owner has an extensive electrical background. This business has very little overhead, so it is and can continue to be very profitable with high margins. Most sales come in through their website. A new owner would be advised to expand their marketing plan and maybe even add sales reps to the team.

The real estate is also available for purchase separately which includes 5 acres, the factory, and a 3 bedroom home. The factory has three punch machines for harnesses, tools, a fork lift, and everything necessary for production.

The owner is 80 years old and ready to retire but is happy to help the new owner have a successful transition.

Detailed Information

• Location: Florida
• Industries: Manufacturing
• Detail inventory: Not Included in asking price
• Building SF: N/A
• Rent: N/A
• Lease Expiration: N/A
• Employees: 3
• Reason for Selling: Retirement
• Seller Financing: No
• Established After Year: 2004