Annual Revenue: $2,307,000
Net Cash Flow: $584,600
This company has been sold.
Semi-Absentee – Specialty Manufacturer of Products for the residential and commercial trades. Products are sold to Contractors and are manufactured to client specifications per order. Current industry trends indicate that this industry will have sustained growth for the next 5 to 10 years. Facility can handle more production with current equipment. Additional staff and additional shifts would be required to facilitate top line and bottom line growth.
Business and Real Estate package deal: $3,500,000
Employees: Fully staffed office – Outside Sales person – and production employees. Owner responsible for A/R; A/P; Payroll; Hire/Fire; and executive management.
Real Estate: The building was constructed to support the manufacturing process. Total lease hold improvements and tenant fit out for the facility was over $500,000. The building is a 12,000 sq ft facility with offices, and parking to support the business.
Equipment/Inventory: Inventory is valued at about $100,000 to maintain production capabilities. Vehicles are valued at $100,000, Factory equipment valued at $660,000; all included in the package sale.
Reason for Sale: Seller Retirement – age – no family members to take over the business
Price Allocation: $1,500,000 for the building and tenant fit out to support the manufacture of the specialty products. $2,000,000 for the business; equipment, vehicles, inventory.
Financing: SBA eligible – Some Seller Financing possibly available
Transition: Owner will remain for extended period of time to ensure smooth transition.
FFE: $760,000 (Included in Price)
Inventory: $100,000 (Included in Price)
Real Estate: $1,500,000 (Included in Price)