Experienced Manufacturer of Patented Technology in California

This is an established, debt-free manufacturing business specializing in the design, engineering, manufacturing, and distribution of patented, standard, and custom card readers for niche electronic equipment. The company's innovative design allows for universal application of its magnetic head assembly and single electronic board types across various reader series. Data decoding is managed by proprietary algorithms, offering reprogrammability to meet specific customer needs. Operating for two decades from California, the business has a strong foundation with a recurring clientele, active website, and participation in global expositions. Despite a post-pandemic dip, the company projects $1.8 million in sales for 2023, with last year's revenues at $1,414,687 and discretionary earnings of $249,341. The owner is actively involved in leadership, supplier relations, and engineering, making a knowledge transfer to an incoming engineer crucial. The business utilizes approximately half of a 2,100 sq ft shop for inventory and equipment, presenting opportunities for expansion. Receivables and work in progress are negotiable.