BizEx364-KF: ISO Aerospace Machining

Background:

General Location:Pacoima, CA
Category:Manufacturing > Fabricated Metal Products
Manufacturing > Fabricated Metal Products
Years in Business:37
Under Present Owner:37
Hours of Operation:M-F 9-5
Owner Hours:Part time
Training:4 weeks, 20 hours/week
Organization Type:C Corp
Lease Expiration:N/A
Lease Options:
Building Size: sqft
Employees:1 FT; 4 PT

Reason for Sale:
Retirement

Financials

Asking Price:$450,000
Down Payment:$450,000
Gross Sales:$600,000
Discretionary Cash Flow:$150,000
FF&E:$
Inventory Included?Yes
Inventory:$
Minimum Operating Capital:$
Real Estate Available?Yes
Real Estate Asking Price:$
Rent:$ 3,000/month
Payroll:$ /month
Financing:Call

200920082007
Gross Sales603,422661,025878,712
Gross Profit
Disc. Earnings

* YTD as of , ** = Prorated.

Broker Info


Kendric Foultz, CBB
Business Broker
(310) 882-2200 ext 102
LIC# 01376005

Summary

Machine shop in Los Angeles for sale is a forty year old established ISO certified operation. The company's primary customer base is in the aerospace sector. The owners are looking to retire, but will be more than willing to assist a new owner in a seamless transition. The owners also own the building and are willing to sell the business and the building together. The property has not been recently appraised but is probably in the $750,000 range. The equipment is older vintage but still very serviceable and the two machinists are very proficient with it. The company makes parts for all the usual suspects in the industry and has long relationships with the primary contractors. An ideal buyer would be someone with connections in the industry and a strong sales and marketing background as this is the primary current weakness. The business has done twice the current volume in the past and there is no current outside sales force to drive sales. For more information please go to www.bizex.net and "register" as a buyer or you may contact Kendric Foultz directly at 310-968-2369.


More Details

If you'd like more information about this listing, please register with us or log in to your existing buyer account.

DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.