Annual Revenue: $580,000
Net Cash Flow: $284,000
Location: Somerset County, New Jersey
For 47+ years this business functions almost entirely remotely and can be relocated by its new owner.
Operating with extremely low overhead (just 1 part-time employee in addition to the working principle) this company is very profitable. With 90% of orders coming by telephone or email – the business is portable and can be relocated by a new owner. Their high-end private education clientele and corporate clients in the Tri-State area are well acquainted with each other and share info on vendors freely. They are the preferred provider with the largest professional engineering society in the world. Their clients continually provide referrals which brings them new clients and new revenue streams. Government/Foundations/Hospitals, Professional Societies, and charitable foundations often see their work at events, conferences, or dedications. They spend zero money on advertising relying on their reputation and word-of-mouth referrals to drive their sales. This business works off of a large amount of repeat business derived from 3-year renewable contracts, standing purchase orders, and a steady flow of new clients from referrals. The majority of their clients have been with them for decades.