Business for Sale

Under Contract

72 Years Strong - Machine & Tool Manufacturer

BizEx1172-DC

Background

General Location:Los Angeles, CA
Category: Manufacturing
Fabricated Metal Products
Years in Business:72 years
Under Present Owner:69 years
Hours of Operation:7am - 4:30pm M-TH / 7 - Noon Friday
Owner Hours:Same or more
Training:None
Organization Type:C-Corp
Lease Expiration:
Lease Options:
Building Size:8,200 sq. ft.
Employees:0
Reason for Sale:Retirement

Financials

Asking Price:$350,000
Down Payment:Negotiable
Gross Sales:$508,358
Discretionary Cash Flow:$166,220
FF&E:$200,000
Inventory Included?Yes
Inventory:$26,000
Min. Operating Capital:
Real Estate Available?No
Rent:$7,400
Payroll:$25

2017 2016 2015
Gross Sales $ 630,000 $ 508,358 $ 939,269
Gross Profit $ call $ call $ call
Disc. Earnings $ call $ call $ call

Description

72 Year Old Tool and Machine shop for sale. This business is a great opportunity for an owner operator. There are four loyal employees who have been with the company over 20 years. The company builds ground support tools, parts and prototypes for the aerospace industry. 

For over 72 years this business has had a reputation of high quality craftsmanship and on time delivery. The discretionary earnings of this business are $166,220.00 dollars. 

For more information regarding this business opportunity, please contact:

David Chavez
(DRE#01918858)
310-882-2200 ext. 133
310-503-6847 (cell)
dchavez@bizex.net

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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.

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David Chavez
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 133
Direct: (310) 503-6847
Lic#: 01918858