Whlsle/Retail:Home & Hotel Products (multi-state)
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Background
| BizEx ID: | BizEx946-MS |
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| General Location: | Los Angeles, CA |
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| Category: |
Durable Goods
Home Furniture & Furnishings
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| Years in Business: | 20 HI/7 CA |
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| Under Present Owner: | 20 HI/7 CA |
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| Hours of Operation: | M-Sat 9 - 4 |
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| Owner Hours: | varies |
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| Training: | 4 weeks @ 20 hours |
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| Organization Type: | |
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| Lease Expiration: | |
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| Lease Options: | |
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| Building Size: | 12900 |
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| Employees: | 12 |
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| Reason for Sale: | Retirement |
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Financials
| Asking Price: | $3,750,000 |
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| Down Payment: | Negotiable |
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| Gross Sales: | $7,370,000 |
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| Discretionary Cash Flow: | $1,023,000 |
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| FF&E: | $218,000 |
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| Inventory Included? | |
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| Inventory: | $700,000 |
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| Min. Operating Capital: | |
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| Real Estate Available? | No |
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| Rent: | $17,561 |
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| Payroll: | $61 |
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| Financing: | Call |
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|
2013 | 2014 | 2015 |
| Gross Sales |
$ 5,578,000 | $ 6,051,000 | $ 7,390,000 |
| Gross Profit |
$ 1,778,467 | $ 1,980,000 | $ 2,287,000 |
| Disc. Earnings |
$ 559,300 | $ 824,000 | $ 1,023,000 |
Mina Singson-Brightman
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (808) 797-3067 ext 125
Direct: (310) 734-6769
Lic#: 01866495
OFF MARKET
