BizEx42-KF: Pacific Castings

Background:

General Location:South Bay Area, CA
Category:Unknown
Years in Business:11
Under Present Owner:11
Hours of Operation:M-F 7-3:30 Sat 7-1
Owner Hours:M-F 9:30-5:00
Training:8 weeks, 20 hours/week
Organization Type:S Corp
Lease Expiration:February 28, 2009
Lease Options:one at three years
Building Size:4,700 sqft
Employees:8 FT; 0 PT

Reason for Sale:
Other business interests

Financials

Asking Price:$350,000
Down Payment:$140,000
Gross Sales:$735,000
Discretionary Cash Flow:$110,000
FF&E:$ 68,000
Inventory Included?No
Inventory:$ 130,000
Minimum Operating Capital:$ 50,000
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 3,600/month
Payroll:$ 15,000/month
Financing:Call

None...None...None...
Gross SalesNone...None...None...
Gross ProfitNone...None...None...
Disc. EarningsNone...None...None...

* YTD as of None..., ** = Prorated.

Broker Info


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

Summary

Business for sale in Southern California is a small contract metal casting business in the South Bay. This profitable niche business manufactures a number of metal items that find their way into the retail product stream. Operations are streamlined and well run, however the business is in need of new blood at the management and sales level. Sales have dipped from previous years and the owner is interested in moving in a different direction, however, he just secured a three year commitment from a major auto manufacturing company that will add about $140,000/yr to the revenue side. The business is positioned in a niche market which allows it to compete with offshore companies, which is impressive for a California based manufacturing operation. This would be an ideal acquisition for anyone who is already in a related business or who can bring additional work to the business day one. All technical areas are covered by the current staff so a sales oriented buyer would be the ideal candidate. To find out more please register at www.bizex.net or call Kendric at 310-882-2200 ext 102.


More Details

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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.