Details

Proprietary timing equipment adds automation, reducing the amount of people on the track! Located in California's Bay Area, this highly streamlined electronic manufacturing company has products in over forty countries, supplying wireless technology and LED systems for the competitive racing industry. Applications include drag racing, derbies, autocross, oval and road courses, dirt tracks and more. From timing equipment, electronic flagging systems & LED scoreboards, to lap count display systems, wiring, software and mobile applications, great things are in place for new ownership to capitalize on their worldwide presence. The team of reliable individuals includes sales managers, engineering and design professionals, and manufacturing managers in place to allow focus on business development. The owner’s duties involve oversight, management, work scheduling and sales review. New ownership would do well to get in front of larger racing venues with household name recognition. Products could even have potentials in other industries, perhaps aerospace or other timed competitions. Currently, the company is experiencing a high demand for its products and services due to the ability to replace, or fill job positions within racetrack operations, reducing labor costs for customers. Revenue is generated through multiple sales and marketing channels that target smaller racetrack operations and new racetrack construction projects, helping develop a customer product mix for racetracks. Many products are manufactured in-house, reducing the need for outsourcing. Included with products are support and maintenance plans allowing for recurring revenue streams. In 2021, had a total of $953,868 with Seller’s Discretionary Earnings of $196,095. While 2020 was impacted by the pandemic, 2021 came back strong and 2022 is looking steady!
Listing includes $200,000 of Equipment.

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