Technology Leader in MICR Engineering, Manufacturing & Distribution
Tampa, FL (Hillsborough County)
Rosetta's Shipping & Receiving Department
One Pass, 4 - 5 Color, Cut-Sheet
East Tampa HQ & Operations
Sold through RICOH's World-Wide Sales Force
Desktop &; Workgroup Printers
Robust Software Management Systems
Workgroup & Production MICR Printers
Superior Management Team
Predictable High Profits & Low Riskls
RICOH - Rosetta Strategy Session
Economic Moat Risk Factors Minimized
Sales Support to RICOH's Sales Force & Hot-line Maintenance Support
Rosetta's Shipping & Receiving Department
One Pass, 4 - 5 Color, Cut-Sheet
Asking Price:$7,500,000
Cash Flow:$1,313,000
Gross Revenue:$8,225,000
EBITDA:$1,468,000
FF&E:$345,677
Inventory:$503,245
Established:1987
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Business Description
$8.2 MM Revenues, $1.4 MM EBITDA, $1.3 MM Cash Flolw, 18% Pre-Tax
Founded in 1987, Rosetta Technologies Corporation (Rosetta) is a high-tech niche engineering, manufacturing and distribution business that consistently maintains profitability, vanguard technology and recurring growth. Since 2006, Rosetta stands alone as the sole supplier of Magnetic Ink Character Recognition (MICR) printing technology to Ricoh’s world-wide sales and distribution network. More than five billion checks are printed each year, with a high percentage printed using Ricoh – Rosetta MICR technologies.
Under agreements with Ricoh U.S. and Ricoh Limited, Japan, Rosetta provides MICR printer development and engineering, produces and distributes MICR printers and MICR consumables, maintenance, software support, pre-sales support for Ricoh MICR sales efforts, client training, and MICR help desk support. Internationally, Rosetta provides same or similar services under license agreements with Ricoh companies, and Ricoh dealers, located in Canada, Latin America, Singapore, Hong Kong, Bangladesh, Australia, France, UK, Middle East, and Africa. Link to: https://www.ricoh-usa.com/en/p...nition-printing-micr
This is a 100% stock sale, NOT an asset sale. On FYE 4/30/2022, Rosetta's Balance Sheet displayed no long term debt, $4,319,754 in Cash and Accounts Receivables of $1,116,386. Reconciliation of Assets to Liabilities to closing transaction price is anticipated.
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Attached Documents
Detailed Information
Location:
Tampa, FL
Inventory:
Included in asking price
Employees:
23
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Operating Facility located in East Tampa, FL near the intersection of Interstate 4 and Highway 301, the light industrial facility is adequate quarters for the business. The one story brick building offers frontal facade suitable for professional business entry, conference room and executive offices. Approximately one half of the 12,000 sq ft facility is devoted to manufacturing, operations and shipping .. Rear access shipping bays serve the in and out requirements efficiently. Rosetta has leased the facility since 1996. Lease expires November 24, 2024.
Competition:
Rosetta is one of only three companies in the world that specializes in MICR technology engineering,manufacturing and distribution. Since 2006, Rosetta has maintained mutually exclusive global agreements with Ricoh, the world's fourth largest printer manufacturer. Major competitors to Ricoh include HP, XEROX and Source Technologies.
Growth & Expansion:
Product life cycle obsolesce and new technology advancements in MICR printing creates a demand driven growth market. Rosetta recently developed and released a four station and five station color printer. They offer the client full-color, cut sheet, software driven solutions that are without piers in the MICR industry. Rosetta's technology will extrapolate to other Ricoh printer models, opening here-to-four untapped markets. Also, Rosetta engineers are exploring concepts that could revolutionize MICR, Inkjet & check processing.
Support & Training:
Current owners are fully committed to train new owners to operate the business in an effective manner. The time frame to accomplish this mutually beneficial training task is negotiable, but the spirit of the current owners aiding a successful transition to new owner success is absolute.
Reason for Selling:
Aging out. The CEO and CFO intend to retire within a period to be negotiated.
Business Website: