“Very skillful in overcoming unexpected challenges.”

Zuhair Qazi
President, Sober Clarity


“Vasilis worked tirelessly to maximize the price of my business and helped protect my interest. ”

Robert Gutierrez
CEO, Brightstar Care Thousand Oaks


“CrossRoads accomplished what two other Brokers before couldn’t. Very professional and skilled in negotiations.”

Jeffrey B. Meltzer
President, Universal Hardwood


“Confidence without ego. impressive knowledge and diverse experience. Solid results quickly.”

Steve Traino
President, Candy Direct, Inc.


“Professional and efficient services with timely information flow.”

George Koutures
President, AMBCO Electronics, Inc.


“An unmatched ability to forge a solid alliance between the parties in a win-win approach.”

Dov Lazarus
President, One Stop Undercar


“Highest professional standards in positioning and promoting the sale of my business.”

Jason Moore
President, Alexis Services, Inc.


“In my 30 years in Commercial Banking, CrossRoads ranks among the best.”

Barry Katz
Vice President, SBA Lending Community Bank


“Finding a Buyer for my size business was like finding a needle in a haystack. CrossRoads did it!”

Tafa Jefferson
CEO Amada Senior Care


“Solid selling process that produced results in a tough market. Highly recommended.”

Kitty Meyers
Owner, Synergy HomeCare Inland Empire


“If there are Buyers out there, the CrossRoads process will find them. They did for my business.”

Dan Goodman
CEO, Eilatan, Inc.


“CrossRoads did an impressive job representing my business. They actually do what they say they will!”

Jack Winn
Owner, Jack Winn Salon


“If you are looking to sell your business, Vasilis Georgiou is the choice: The right knowledge and temperament that get results”

Nayda Poblete
President, Home Instead Costa Mesa


“Very efficient and detail oriented approach. CrossRoads made the transaction smooth and handled every step.”

Lolita L. Cruz
Owner, Comfort Keepers Laguna Niguel


“The service went above and beyond. Made the process stress free”

Kelleen Corfield
Buyer, Comfort Keepers Laguna Niguel


“Smooth sales process and transition. CrossRoads’ extensive knowledge and experience was a great help!”

Jim and Yuko Fletcher
Owners, Home Helpers Senior Care, Laguna Hills, CA


“Mr. Georgiou’s professionalism and calm encouragement made all the difference in the world!”

Kelly Dunn & Nancy Bever
Owners, Caring Matters Home Care


“Thank you for all your diligence and hard work! It would not have happened without you!”

Denis Royer
President, Carpet Club


“Informative, honest, steady, professional, and always supportive. Great Guide.”

Mary and Larry Farmer
Owners, Right at Home of Albuquerque


“Diligent, obviously very experienced. Results-oriented.”

Bruce Sobol
CEO, Brentwood Electrical Contractors


“Vasilis and CrossRoads earned my respect and appreciation and I would recommend him to anyone looking for a Business Broker.”

Dane Gibson
Owner, Amada Senior Care of Roseville


“I'm grateful to have found CrossRoads, and I recommend them wholeheartedly.”

Remy C. Rippens
Owner, Clavel Home Care


“Vasilis Georgiou was the ultimate professional throughout the sale of my business. A+ rating for CrossRoads. And I mean it. :)”

Carol Boettcher
Co-Owner, SpeakerPower, Inc


“Vasilis is a Master of the business sale process. He earned his fee many times over. Best move I could have made.”

Brian Oppegaard
Co-Owner, SpeakerPower, Inc.


“Vasilis “talked me off the ledge” several times along the way with his graceful support. I happily recommend him to anyone who wants to sell their business."

Doug Garrett
President and CEO of Garrett Engineers, Inc.


“We highly recommend CrossRoads and Vasilis. You need an experienced and knowledgeable person to guide you and Vasilis Georgiou is that person!"

Bill and Donna Hoover
Owners, Care4You In Home Care


“CrossRoads made the process very comfortable for us despite making a decision of enormous importance."

Jeff and Reem Hufnagel
HWC Yorba Linda


“CrossRoads worked with efficiency and professionalism and I would highly recommend their service."

Scott Kaeser
EVP, UAS, Buyer of CitiGlobal


“Trustworthy, patient, and responsive. We highly recommend CrossRoads."

Michael and Lori Renaud
Acti-Kare


“CrossRoads is an amazing resource. Highly trusted in complicated situations."

Tarun Bhardwaj
Buyer, Acti-Kare


“Produced results very efficiently and timely. We highly recommend CrossRoads."

Tim Hatamian, CEO
Pacific Lighting & Energy Mgmt. Co.

Scientific Instruments Manufacturer for Supercritical CO2 Extraction and Green Chemistry

Price: $2,500,000

Cash Flow: $750,000

Total Sales: $1,950,000

EBITDA: N/A

FFE: N/A

Inventory: Purchased Separately

DESCRIPTION:

Founded in 2017 by an MIT PhD engineer to address the growing demand for extraction technology, this company develops industrial-grade, Supercritical CO2 extraction machinery for use in the pharmaceutical and nutraceutical industries. Incorporating a team of best-in-class engineers and scientists and armed with strong IP, the company designs and manufactures commercial machines, custom or standard SKU, from the ground up fully in house.

The Company currently continues expansion of its product offering to include developing a novel environmentally friendly sterilization technology with broad potential applications including mitigating the spread of the Coronavirus and other pathogens. Calendar year 2020 generated $1.9MM+ in revenue. There has also been a new product launch for "high-throughput Butane extraction equipment.” The Company constantly innovates. For example, there are new cannabinoid conversion projects have been launched involving a process developed for converting CBD to THC (Patent-pending process and process skid to convert CBD to high potency delta 9 THC with >95% efficiency). A new application in lithium battery recycling is also under development.

  • CO2 Extraction:Common use cases for the Company’s machinery include extraction of lipids, oils, resins, dyes, aromatherapy oils, food additives, hemp, and hemp-related biomass. The largest target customer market utilizes the Company’s machines to extract cannabinol (“CBD”) from hemp biomass.

    Supercritical CO2 extraction offers the highest efficiency for the lowest operating costs. The process is simply the best way to extract essential oils on an industrial scale. Supercritical CO2 is highly efficient, often able to extract > 98% of precious active compounds and oils. In addition, supercritical CO2 has a number of other advantages:

    • CO2 costs far less than ethanol – only pennies per pound in bulk.
    • CO2 leaves no residual solvents – no risk of product contamination.
    • CO2 is clean and easy – no risk of contamination by pesticides, water, or other compounds.
    • CO2 is easy to handle and store – no risk of fire or explosions.
  • Sterilization Technology: Supercritical CO2 in combination with co-solvents is used in our machines to sterilize medical devices and garments to a SAL 3 or SAL 6 level.

The Company differentiates as follows:

  • CO2 Extraction products intended for industrial Scale Production for greater than 2000+ Pounds/Day
  • 2x25L CO2 Extraction products that are scalable and meet the needs of independent producers
  • Full engineering and design capabilities. manufacturing most major components from first principles
  • ASME and PE Certifications, TSSA, CRNs, and other third-party certifications supplied as required
  • Pricing structure is competitive with the national brands
  • Proprietary processes that provide the ability to produce THC-free extracts from hemp biomass, using direct-to-Isolate (“DTI”) methods that eliminate multiple expensive and time consuming steps in conventional cannabis extraction, resulting in a single-step, solvent-free process to make premium THC-free extracts from low value biomass.
  • Processes and equipment that provide the ability to increase throughput of the CO2 extraction process, using High Density Drying (HDD) which increases the density of biomass feedstock. Higher density biomass means greater mass per extraction cycle and no need to increase the extraction tank volume, resulting in 80% increase in biomass density.

Acquisition Benefits

The right strategic buyer will inherit:

  • A diversified company with products in instrumentation and medical supplies
  • A very profitable company with solid IP
  • The ability to go to market quickly and compete effectively for market share in one of the fastest-growing markets in the world
  • Quality products that can be produced at competitive prices with an established domestic supply chain
  • A company with no debt
  • Strong technical foundation; scalable efficient machine design; core market focus and extensive hands on experience

Customers

The Company’s products would appeal to a strong & diverse customer base. Its customers typically would fall into one of the following categories:

  • Federal, State, and Local healthcare providers.National customers in urgent need of sterilization products as well as critical medical supplies for fighting the epidemic
  • Commercial/Professional– biotechnology, sterilization and medical devices
  • Extraction companies– extraction of nutraceuticals and high purity compounds.
  • Diversified cannabis companies– permitted cannabis processors in many states and Canada and worldwide. Hemp-derived CBD finds its application in various sectors such as pharmaceuticals, personal care and cosmetics, nutraceuticals, and food and beverages. The demand for CBD-infused personal care and cosmetics products is rising owing to its anti-inflammatory, anti-aging, and antioxidant properties. Numerous skincare and cosmetic brands are involved in the production of hemp-derived CBD products. Therefore, the abovementioned factors will be responsible for the fastest growth rate of this segment over the forecast period.

The Market

The total addressable market for scientific instruments is idiosyncratic to the particular machinery that a company produces; consequently, it varies greatly. The Scientific Instruments Index, as determined by Zack’s, has returned 9.65% year to date (as of August 23, 2019), and trades at a forward-looking P/E ratio of 23.

According to Grand View research, the global cannabidiol market was valued at USD 4.6 billion in 2018 and is anticipated to witness a lucrative CAGR of 22.2% over the forecast period. The demand for cannabidiol (CBD) for medical and wellness purposes is high due to its healing properties, which is the key factor driving the growth of the market. Moreover, growing product adoption and utilization owing to government approvals is a major factor anticipated to drive the demand for cannabidiol infused products.

Out of all cannabinoids, cannabidiol is most commonly used for medical purposes due to the absence of psychoactive effects. CBD oil is used in several medical applications such as treatment of anxiety and depression, stress relief, diabetes prevention, mitigation of pain, alleviation of cancer symptoms, and acne reduction. The global CBD market is anticipated to grow at a lucrative rate over the forecast period owing to growing adoption of CBD-based products for treating various medical conditions.

LISTING DETAILS:
Total Sales: $1,950,000
Cash Flow: $750,000
Inventory: Purchased Separately
For more information on this listing, please complete our Non-Disclosure Agreement
CONTACT DEAL OWNER

Vasilis Georgiou

Phone: 949-753-2825
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